PGT Commerce Level-3 (HTEТ), Exam 2014Total Questions: 150101. Adjustment entries are made inA. Cash BookB. LedgerC. Journal ProperD. Special BookCorrect Answer: C. Journal Proper102. Reliability of Accounting Information meansA. the users must be able to verifyB. the users must be able to compareC. the users must be able to depend on the informationD. the users must be able to communicate the informationCorrect Answer: C. the users must be able to depend on the information103. All transactions relating to 'cash receipts' and 'cash payments' are recorded inA. JournalB. LedgerC. Cash BookD. Day BookCorrect Answer: C. Cash Book104. An informal organizationA. is officially createdB. has formal authority relationshipC. is a result of interpersonal contactsD. is created by lawCorrect Answer: C. is a result of interpersonal contacts105. Who is responsible for a periodic review of the accounting standards in India?A. I C W A IB. I C S IC. A S BD. I S ICorrect Answer: C. A S B106. Registration of a cooperative society isA. OptionalB. CompulsoryC. Through membersD. ProtectedCorrect Answer: B. Compulsory107. Capital isA. Assets and LiabilitiesB. Profits Plus AssetsC. Fixed AssetsD. Amount invested by the ownerCorrect Answer: D. Amount invested by the owner108. Who has given - 'Fourteen principles of management'?A. Henry FayolB. John FayolC. Harry FayolD. F.W. TaylorCorrect Answer: A. Henry Fayol109. Renting of an asset for some specified time is calledA. Hire purchaseB. ContractC. LeaseD. RentalCorrect Answer: C. Lease110. Management isA. Pure ScienceB. Applied ScienceC. ArtD. Science and Art bothCorrect Answer: D. Science and Art bothSubmit Quiz« Previous123456789101112131415Next »
