A. Prepare accounts in a prescribed manner under the law
B. Prepare cash flow statements
C. Provide accounts as desired by donors
D. None of these
Accountant (2020) Local Government And Community Development
_ principle in accounting is applied when recognizing income and recording expense.
A. Objectivity
B. Consistency
C. Matching
D. Subjectivity
A firm enters a digital asset designed to work as a medium of exchange, called:
A. Cryptocurrency
B. E-commerce
C. E-marketing
D. None of these
Double entry book-keeping was fathered by:
A. Lucas Pacioli
B. F.W. Taylor
C. None of Above
D. Henry Fayol
Which of the following represents the net worth of a business?
A. Liabilities net of assets
B. Earnings per share
C. Asset net of liabilities
D. None of these
A scale where the origin is zero is known as:
A. Ordinal scale
B. Interval scale
C. None of these
D. Ratio scale
Conversion cost =
A. Material Cost + Overhead Cost
B. Overhead Cost + Indirect Material
C. Direct Labour + Overhead Cost
D. None of these
_ is a unique origin i.e. zero.
A. Nominal scale
B. Ordinal scale
C. None of these
D. Ratio scale
_ are short term, always backed by a reason and either positive or negative.
A. Emotions
B. None of these
C. Moods
D. Both emotions and moods
