Balance of sheet is understood as ?

A. profit in a year
B. statements of accounts that shows debit and credit accounts under the broad heads
C. performance of a company
D. accurate economic position

Bearer cheque is ?

A. payable to anyone
B. payable to person holding it
C. payable through account only
D. payable after specific period

Term the written order which directs that a specified sum of money be paid to a specified person ?

A. bill of exchange be
B. bill of lading
C. bearer cheque
D. none of them

Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?

A. certificates
B. sureties
C. security bonds
D. bond

The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?

A. open value
B. book value
C. real value
D. artificial value

The intermediary agent in the purchase and sale of any good is known as ?

A. dealer
B. broker
C. agent
D. commission agent

National Income is essentially composed of ?

A. all wealth of a nation
B. annual income of the central government
C. all income of the people on a year
D. income derived from taxes by the central government

What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?

A. assembly line
B. production line
C. both of them
D. none of them

The balance of payment is ?

A. balance between a nation’s expenditure on imports and its receipts from exports
B. total sum a state owned
C. total liabilities of a nation
D. shortfall in budget

When aggregate supply exceeds aggregate demand ?

A. business inventory accumulate
B. unemployment exists
C. price of consumer goods rise
D. people save more than they intended to save