Which one is an example of personal account?

• A. Outstanding interest
• B. Wages account
• C. Cash account
• D. Charity account

Audit of the sole-trader business is

• A. Compulsory
• B. Not compulsory
• C. Compulsory in certain cases
• D. None of these

Which’ of the following shows the details and results of the company’s profit related activities for a period of time?

• A. Balance sheet
• B. Statement of financial position
• C. Income statement
• D. Statement of cash flow

Balance sheet is always prepared

• A. For the year ended
• B. As on a specific date
• C. With no specific date
• D. None of these

Saira’s weight is 25 pounds more than Amber. If together they weigh 205 pounds, what is the weight of Saira?

• A. 105
• B. 90
• C. 115
• D. 135

If the sum of one third of a number and twice the same number is 28, the number is:

• A. 14
• B. 28
• C. 12
• D. 20

What is 10% of 30% of 40%?

• A. 0.12%
• B. 1.2%
• C. 0 012%
• D. 12%

If x2 + y2 = 9 and (x – y)2 = 3, what is the value of xy?

• A. 3
• B. 6
• C. 9
• D. 16

One of the runners dropped ____ due to an accident

• A. In
• B. Out
• C. Off
• D. Awa

Wapda has cut _______ his electricity supply due to non-payments of dues

• A. Down
• B. Out
• C. Up
• D. Off