(A) Assets + Liabilities = Equity
(B) Assets – Liabilities = Equity
(C) Assets – Receivable = Equity
(D) Assets + Receivable = Equity
May 13, 2022
Management Science
Management Science for Test Preparation. These Management Science MCQs are the most repeated mcqs and very important for all type of exams organized by FPSC, PPSC, KPSC, SPSC, BPSC, NTS, PTS, OTS, UTS, CTS, ITS and other testing agencies of Pakistan. Most important FPSC MCQs, PPSC MCQs, KPSC MCQs, SPSC MCQs, BPSC MCQs, NTS MCQs, PTS MCQs, OTS MCQs, UTS MCQs, CTS MCQs, ITS MCQs and other MCQs for test preparation in Pakistan.
(A) International Financial Reporting Standards
(B) International Financial Accounting Standards
(C) International Accounting & Auditing Standards
(D) International Risk Reporting Standards
May 13, 2022
(A) Company Law
(B) Accounting standards
(C) Both A and B
(D) None of these
May 13, 2022
(A) Sole trader
(B) Partnership
(C) Company
(D) All of the above
May 13, 2022
(A) Appropriation of profit among partners
(B) Income of the partnership firm
(C) Expense to partnership firm
(D) None of the above
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(A) Salary
(B) Drawings
(C) Share of profit
(D) Interest on capital
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(A) Credited to capital accounts
(B) Debited to capital accounts
(C) Debited to partners’ current accounts
(D) Credited to partners’ current accounts
May 13, 2022
(A) The Profit and Loss Account
(B) A Nominal Account
(C) The Capital Account
(D) A Suspense Account
May 13, 2022
(A) No entries made at all in the general ledger for items paid by petty cash
(B) The same number of entries in the general ledger
(C) Fewer entries made in the general ledger
(D) More entries made in the general ledger
May 13, 2022
(A) Debit Drawings Account, Credit Purchases Account
(B) Debit Drawings Account: Credit Stock Account
(C) Debit Sales Account: Credit Stock Account
(D) Debit Purchases Account: Credit Drawings Account
May 13, 2022