Real accounts are related to?

• A. Assets
• B. Expense and income
• C. Customer and creditor
• D. None of these

Quick Asset includes which of the following?

• A. Cash
• B. Account receivable
• C. Both a & b
• D. Marketable securities

Depreciation expense is?

• A. A cash inflow
• B. A cash outflow
• C. Added to the accumulated
• D. Ignored when proper cash flow statement

Double entry book-keeping was fathered by?

• A. F.w taylor
• B. Henry fayol
• C. Lucas pacioli
• D. None of these

Partners in Pakistan can today be fixed at the following numbers?

• A. 20
• B. 50
• C. 70
• D. 22

Cash budget exclude the following?

• A. Non-cash items
• B. Cash items
• C. Purchase on credit items
• D. Credit sales

NGOs are legally required to?

• A. Prepare accounts in a prescribed manner under the law
• B. Prepare accounts as desired by donors
• C. Submit balance sheet only
• D. Submit income source only

Conversion cost is?

• A. Material cost + overhead cost
• B. Direct labour + material cost
• C. Direct labour – material cost
• D. Labour cost + overhead cost

Process coasting is relevant to?

• A. Cement industry
• B. Job order cost oriented projects
• C. Banking industry
• D. None of above

A partnership, in today’s Pakistan under the current law can have the following number of partners?

• A. 50
• B. 20
• C. 100
• D. 70