Business Administration (M.Sc)

1   2   3   4   5       Next

Q: Audit of a bank is generally conducted through?

(a) :  Routine checking
(b) :  Vouching
(c) :  Balance sheet audit
(d) :  All of these
(e) :  none
Answer:  Routine checking
Explanation:  

Q: A working paper which is prepared by the accountant for his own convenience is called?

(a) :  Work sheet
(b) :  Cash flows statement
(c) :  Balance sheet
(d) :  Final accounts
(e) :  none
Answer:  Work sheet
Explanation:  

Q: One of the most successful Industrialists and the father of Modern Personnel Management is:

(a) :  F.W. Taylor
(b) :  James Watt
(c) :  C. Babbage
(d) :  Robert Owen
(e) :  none
Answer:   F.W. Taylor 
Explanation:  

Q: Economics resources of a business that are expected to be of benefit in the future are referred to as?

(a) :  Liabilities
(b) :  Owner’s equity
(c) :  Withdrawals
(d) :  Assets
(e) :  none
Answer:  Owner’s equity
Explanation:  

Q: Which of the following does not describe accounting?

(a) :  Language of Business
(b) :  Is an end rather than a mean to an end
(c) :  Useful for decision making
(d) :  Used by business government, nonprofit organizations and individuals.
(e) :  none
Answer:  Is an end rather than a mean to an end
Explanation:  

Q: The capital receipts are shown in the balance sheet on the?

(a) :  Liability
(b) :  Asset side
(c) :  Debit side
(d) :  All of these
(e) :  none
Answer:  Liability
Explanation:  

Q: Stratified audit sample means?

(a) :  Randomly selected items for audit
(b) :  Purposively selected items for audit
(c) :  Items carefully selected from each group
(d) :  All of these
(e) :  none
Answer:  Randomly selected items for audit
Explanation:  

Q: A segment of the business that generates both revenue and cost is called?

(a) :  Profit Center
(b) :  Cost Center
(c) :  Cost driver
(d) :  All of these
(e) :  none
Answer:  Profit Center
Explanation:  

Q: Process Cost is very much applicable in?

(a) :  Construction Industry
(b) :  Pharmaceutical Industry
(c) :  Air line company
(d) :  All of these
(e) :  none
Answer:  Construction Industry
Explanation:  
1   2   3   4   5       Next

Back to top