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A. Return received
B. Return Payed
C. Return inward
D. Return outward
Answer
Answer
C. Return inward
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Reduction in price is called:
A. Paid price
B. Invoice price
C. Book price
D. Discount
Answer
Answer
D. Discount
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Cash brought by the owner to start business is called__________?
A. Capital
B. Loan
C. Drawing
D. None of these
Answer
Answer
A. Capital
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The concession received on the price of defective goods is called:
A. Discount
B. Cash discount
C. Allowance
D. Trading discount
Answer
Answer
C. Allowance
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In support of business transaction, any written evidence is called ___________?
A. Discount
B. Voucher
C. Allowance
D. Price
Answer
Answer
B. Voucher
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Building and furniture are called ____________?
A. Current asset
B. Fictitious asset
C. Tangible asset
D. Fixed assets
Answer
Answer
D. Fixed assets
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Finance is vital for which of the following business activity (activities)?
A. Marketing Research
B. Product Pricing
C. Design of marketing and distribution channels
D. All of the given options
Answer
Answer
D. All of the given options
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Stakeholders include:
A. Stakeholders
B. Creditors and customs
C. Employees and suppliers
D. All of Them
Answer
Answer
D. All of Them
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Period costs include which of the following?
A. Selling expense
B. Raw material
C. Direct labor
D. Manufacturing overhead
Answer
Answer
A. Selling expense
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Product costs include which of the following?
A. Selling expenses
B. General expenses
C. Manufacturing overhead
D. Administrative expenses
Answer
Answer
C. Manufacturing overhead
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