31. Which financial statement displays the revenues and expenses of a company for a period of time?
32. Which financial statement uses the expanded accounting equation?
33. Which of the following would not be found on a standardized balance sheet?
34. Following is (are) the characteristic(s) of a budget
35. Any written evidence in support of a business transaction is called
36. The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources
37. The measure of how efficiently the assets resources are employed by the firm is called
38. Lower the Debt Equity ratio
39. Which of the following is not an asset?
40. What is the main purpose of financial accounting?
MCQ Multiple Choice Questions and Answers on Accounting
Accounting Question and Answer