Question 1

Which of the below is Current Assets

Accepted Answer

Cash

Answer

Furniture

Answer

Buiding

Answer

Land

Question 2

Which of the following is Current Liability

Accepted Answer

Account Payable

Answer

Long term Loan

Answer

Land

Answer

Building

Question 3

Which of the following is non current Assets

Accepted Answer

Land

Answer

Loan

Answer

Short term investment

Answer

Cash

Question 4

Which of the following  is Non current liabilities

Accepted Answer

long term loan

Answer

Account Payable

Answer

Short Term Loan

Answer

Bank Draft

Question 5

The Balance sheet is prepared

Accepted Answer

At specific point of time

Answer

During a Period of time

Answer

After limited time

Answer

During two weeks

Question 6

The Net profit found in the Balance Sheet is obtained From

Accepted Answer

Profit and loss statement

Answer

Trial Balance

Answer

Statement  of Cash Flows

Answer

Statement of changes in Equity

Question 7

The headings of the Balance sheet should show

Accepted Answer

the Name of the Compay

Answer

The name of the Accountant

Answer

The Name of the owner

Answer

The Name of the investors

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