Question 1

Represents the net amount of short term sources.

Accepted Answer

Working Capital

Answer

Revenue

Answer

Capital

Answer

Capital Stock

Question 2

Bank deposit and cash on hand is called

Accepted Answer

current asset

Answer

cash

Answer

account receivable

Answer

non current asset

Question 3

These are the physical plant, land, building, machinery etc.

Accepted Answer

non current asset

Answer

cash

Answer

revenue

Answer

current asset

Question 4

Items held for resale.

Accepted Answer

inventory

Answer

building

Answer

cash

Answer

asset

Question 5

A lettering style that is usually use in monogram designing

Accepted Answer

gothic

Answer

script

Answer

italic

Answer

san serif

Question 6

Expenses for structure built

Accepted Answer

building

Answer

notes receivable

Answer

inventory

Answer

cash

Question 7

A character or a cipher compound of two or more letters interwoven or combined.

Accepted Answer

monogram designing

Answer

painting

Answer

poster work

Answer

sign painting

Question 8

Written promises from customers to pay a define sum of money.

Accepted Answer

notes receivable

Answer

building

Answer

inventory

Answer

cash

Question 9

Business claims the sale of goods and services.

Accepted Answer

accounts receivable

Answer

inventory

Answer

building

Answer

cash

Question 10

A monogram enclosed in a _________ must appear stable, unified, and decorative.

Accepted Answer

geometrical shapes

Answer

drawing figures

Answer

geometric figures

Question 11

The finished monogram design can be cut or engraved in a

Accepted Answer

rubber block

Answer

metal

Answer

plastic block

Answer

wood block

Question 12

In a three letter monogram of one’s initial, the _____ initial should not be larger than the others.

Accepted Answer

Middle

Answer

End

Answer

Beginning

Question 13

It shows the independence of an organization.

Accepted Answer

entity concept

Answer

accrual basis

Answer

going concern

Answer

periodicity concept

Question 14

Revenue is recorded when earned, expenses are taken up when incurred.

Accepted Answer

going concern

Answer

periodicity concept

Answer

entity concept

Answer

accrual basis

Question 15

Is a type of business organization owned by one who is the owner and manager of the business.

Accepted Answer

sole proprietorship

Answer

corporation

Answer

partnership

Question 16

A type of business organized by five to fifteen person.

Accepted Answer

Partnership

Answer

Corporation

Answer

Sole propritorship

Question 17

Bank deposit and cash on hand are example of what kind of asset.

Accepted Answer

cash

Answer

accounts receivable

Answer

notes receivable

Answer

inventory

Question 18

Obligations that the business must remit to other parties

Accepted Answer

liabilities

Answer

cash

Answer

inventory

Answer

revenue

Question 19

It is also called the statement of financial condition

Accepted Answer

balance sheet

Answer

asset

Answer

capital

Answer

inventory

Question 20

In designing monograms, the letters must be read form.

Accepted Answer

left to right

Answer

top to bottom

Answer

bottom to top

Answer

right to left

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