PGT Commerce Level-3 (HTEТ), Exam 2014Total Questions: 150131. 'Partnership Deed' is a written document containingA. Balance SheetB. Legal ProvisionsC. Terms of the AgreementD. Assets of PartnersCorrect Answer: C. Terms of the Agreement132. 'Imprest Amount' is related withA. Purchase bookB. Day bookC. Sales bookD. Petty cash bookCorrect Answer: D. Petty cash book133. Highest administrative body of company isA. ShareholderB. Managing DirectorC. Board of DirectorsD. General ManagerCorrect Answer: C. Board of Directors134. Strategic plans are formulated by theA. Middle-level managersB. Lower-level managersC. Chairman aloneD. Top-level managersCorrect Answer: D. Top-level managers135. The most widely used method of preparing a Trail Balance isA. Total methodB. Total-cum-balance methodC. Single entry methodD. Balance methodCorrect Answer: D. Balance method136. Effectiveness isA. High satisfactionB. High moraleC. Achievement of the desired goalD. High profitabilityCorrect Answer: C. Achievement of the desired goal137. Retirement of a partner leads toA. end of businessB. dissolution of firmC. reconstitution of partnership firmD. disputesCorrect Answer: C. reconstitution of partnership firm138. Which one of the following is a basis of Accounting?A. Profit basisB. Accrual basisC. Income basisD. Sales basisCorrect Answer: B. Accrual basis139. Max Weber was aA. German PoliticianB. Indian ThinkerC. German SociologistD. American ScientistCorrect Answer: C. German Sociologist140. Profession is related toA. SpecializationB. ServiceC. WagesD. ProfitCorrect Answer: A. SpecializationSubmit Quiz« Previous123456789101112131415Next »
