______________ is a summary of all transactions relating to particular account.

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Question:
______________ is a summary of all transactions relating to particular account.

1.Balance sheet

2.Trial Balance

3.Ledger

4.Journal

Posted Date:-2021-10-27 14:04:10

More MCQS Questions and answers

  1. A capital budgeting technique that is NOT considered as discounted cash flow method is:
  2. ABC’s and XYZ’s debt-to-total assets ratio is 0.4. What is its debt-to-equity ratio?
  3. Accounting concepts are based on
  4. Aggregate of prime cost and Factory overhead is known as:
  5. All costs other than direct materials cost, direct labour cost and direct expenses are known as:
  6. Amount of salary paid to Suresh should be debited to ______
  7. Book keeping is mainly concerned with
  8. Bookkeeping is an ______________ of correctly recording of business transition.
  9. Break even analysis is also called
  10. Content of income statement
  11. Contingent liabilities should be recorded in the accounts when:
  12. Conversion cost includes cost of onverting ______________ into ______________
  13. Current ratio is 2:5.Current Liability is Rs.30,000.The Net working Capital is
  14. Depreciation is a ______________
  15. Financial account record only
  16. Financial account state the ______________ position of a concern.
  17. Financial accounting deals with:
  18. Financial leverage means
  19. Fixed assets and current assets are categorized as per concept of:
  20. If a company has contingent liabilities, they appear in the _____
  21. Journal Entries are known as book of ______________ Entry.
  22. Modern Method of Accounting was introduced by
  23. One of the problems with attempting to forecast stock market values is that
  24. Outstanding salary account is a ______________ account
  25. Process that involves decision making with respect to investment in fixed asset
  26. Profit from sale of assets is example for–
  27. Retained earnings statement depicts:
  28. sales made by Mahesh for cash should be debited to
  29. The allocation of owner's private expenses to his/her business violates which of the following?
  30. The amount brought in by the proprietor in the business should be credited to
  31. The convention of conservatism when applied to the balance sheet result in.
  32. The coupon is the
  33. The Future Value (FV) of $1000 in 5 years at 5% interest rate will be:
  34. The rent paid to land lord to be credited to
  35. The return of goods by the customer should be debited to
  36. The use of management accounting is
  37. The work of factory employees that can be physically associated with converting raw material into finished goods is classified as ––
  38. The ______________ is a common term for the market consensus value of the required return on a stock.
  39. The ______________ is defined as the present value of all cash proceeds to the investor in the stock.
  40. Under which concept it is assumed that the enterprises has neither the intention nor the necessity of liquidation or of curtailing materiality the scale of operation
  41. What is the value of a $1,000 Face Value Bond that has twenty years remaining to Maturity, 10 % Coupon (paid annually), and is priced to yield 6%?
  42. When a Bond's Yield to Maturity is greater than the Bond's Coupon Rate, the Bond
  43. When the market's Required Rate of Return for a particular Bond is much less than its Coupon Rate, the Bond is selling at
  44. Which group of ratios measures a firm's ability to meet short-term obligations?
  45. Which group of ratios relates profits to sales and investment?
  46. Which of following is (are) Direct Claim Security?
  47. Which of the following is a characteristic of a coupon bond?
  48. Which of the following is an advantage of a corporation that is NOT an advantage as in a partnership?
  49. Which of the following statements are false?
  50. Which one of following is not Direct Claim Security?
  51. You wish to earn a return of 10% on each of two stocks, C and D. Each of the stocks is expected to pay a dividend of Rs2 in the upcoming year. The expected growth rate of dividends is 9% for stock C and nine percent for stock D. The intrinsic value of stock C ______________.
  52. You wish to earn a return of 13% on each of two stocks, X and Y. Stock X is expected to pay a dividend of Rs. 3 in the upcoming year while Stock Y is expected to pay a dividend of Rs. 4 in the upcoming year. The expected growth rate of dividends for both stocks is 7%. The intrinsic value of stock X:
  53. ____ is responsible for financial inventory, management, financial planning etc.
  54. ______________ is a summary of all transactions relating to particular account.
  55. ______________ means expanding the number of investments which cover different kinds of stocks.
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