Description : What financial report that presents a detailed picture of the financial condition of a business on a specific date is called a?
Last Answer : Need answer
Description : What A financial statement that lists a company's assets liabilities and owner's equity as of a specific date is called?
Last Answer : A Balance Sheet, also sometimes referred to as a Statement of Financial Position.
Description : When a specific date is not given, in that case, interest on the drawing is charged for ___________ month.
Last Answer : When a specific date is not given, in that case, interest on the drawing is charged for ___________ month. (a) Four (b) Six (c) Eight (d) Nine
Description : A balance sheet for a chemical plant shows its financial condition at any given date. It does not contain the __________ of the plant. (A) Current asset (B) Current liability (C) Long term debt (D) Profit
Last Answer : D) Profit
Description : Comparison of financial statements highlights the trend of the _________ of the business. A. Financial position B. Performance C. Profitability D. All of the above
Last Answer : D. All of the above
Description : “The position of a Company Secretary is like that of a hub in a bicycle wheel.” This statement shows the– (A) Importance of Company Secretary (B) Rights of Company Secretary (C) Duties of Company Secretary (D) Liabilities of Company Secretary
Last Answer : Answer: Importance of Company Secretary
Description : Operational audit differs in many ways from an audit of financial statements. Which of the following is the best example of one of these differences? a. The usual audit of the financial statement ... audit are often drawn from an organization chart and are not limited to a single accounting period.
Last Answer : The boundaries of an operational audit are often drawn from an organization chart and are not limited to a single accounting period.
Description : Cash Flow Statement is also known as A. Statement of Changes in Financial Position on Cash basis B. Statement accounting for variation in cash C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : Afford full diagnosis of the profitability and financial position a) Preparation of Profit and Loss Account b) Balance Sheet c) Final Accounts d) Analysis of financial statement
Last Answer : d) Analysis of financial statement
Description : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
Last Answer : -------- helps to disclose financial position a) Trial Balance b) Profit and Loss Account c) Balance sheet d) Income Statement
Description : The best statement of the responsibility of the auditor with respect to audited financial statement is: a. The auditor's responsibility on fair presentation of financial statements is limited only up to ... auditor is responsible only to his qualified opinion but not for any other type of opinion.
Last Answer : The auditor's responsibility is confined to the expression of opinion on the financial statements audited
Description : The archaeological evidence shows that ___________ was a centre of mass production of pottery.
Last Answer : The archaeological evidence shows that ___________ was a centre of mass production of pottery. (a) Gilund (b) Khethri (c) Balathal (d) Baras
Description : Machinery A/c shows ___________ balance.
Last Answer : Machinery A/c shows ___________ balance. (a) Credit (b) Debit (c) Positive (d) Negative
Description : Real accounts generally shows ___________ balance.
Last Answer : Real accounts generally shows ___________ balance. (a) Debit (b) Credit (c) Negative (d) Nil
Description : The term ___________ denotes bonus or financial aid which is given by a government to an industry to help it compete with other units A. Incentive. B. Subsidy. C. Bounty. D. Concession.
Last Answer : C. Bounty.
Description : A motivational approach in which an organization‟s financial statements are opened to and shared with all of the employees is called ___________ (a) Open Book Management ; (b) Pay for Performance Program ; (c) Reinforcement Theory (d) Feedback
Last Answer : (a) Open Book Management ;
Description : In designing written audit programs, an auditor should establish specific audit objectives that relate primarily to the a. Financial statement assertions. b. Timing of audit procedures. c. Cost-benefit of gathering evidence. d. Selected audit techniques.
Last Answer : Financial statement assertions
Description : Which statement is incorrect regarding procedures and evidence obtained in a review engagement? a. The auditor should apply judgment in determining the specific nature, timing and extent of review procedures. ... the needs of those relying on that information, not to the level of assurance provided
Last Answer : There is a greater risk that misstatements will not be detected in an audit than in a review.
Description : Which of the following procedures would an auditor be most likely to perform in planning a financial statement audit? a. Reviewing investment transactions of the audit period to determine ... the minutes of stockholder and director meetings to discover whether any unusual transactions have occurred.
Last Answer : Performing analytical procedures to identify areas that may represent specific risks.
Description : An auditor may accept an engagement to perform specified procedures on the specific subject matter of specified elements, accounts, or items of a financial statement if a. The report does not list ... are prepared in accordance with a special purpose framework. d. Use of the report is restricted
Last Answer : Use of the report is restricted
Description : you should hold your hands in the ___________ position on the steering wheel. -General Knowledge
Last Answer : You should hold your hands in the 9 and 3 position on the steering wheel.
Description : The ___________ sensor, monitors vacuum in the engine intake manifold so that the mixture strength can be adjusted with changes in engine load. a) throttle position b) manifold pressure c) camshaft position d) knock
Last Answer : Answer: b Explanation: The manifold pressure sensor, monitors vacuum in the engine intake manifold so that the mixture strength can be adjusted with changes in engine load and the camshaft position sensor, senses rotation of engine camshaft for speed and timing of injection.
Description : You are attempting to parallel two AC generators and the synchroscope pointer stops at a position other than 0° prior to closing the circuit breaker. This indicates ___________. A. the frequency of ... be closed after breaker has been reset D. there is an existing cross current between generators
Last Answer : Answer: A
Description : Your ___________ department controls the performance and size, therefore position of your sensor products within the market. a. Planning b. Finance c. R&D d. Marketing
Last Answer : c. R&D
Description : A ___________ refers to the authority and responsibility for achieving the major goals of the Organization. (a) Line position ; (b) Staff position ; (c) Line authority ; (d) None of the given options
Last Answer : (a) Line position ;
Description : Following statements describe the characteristics of the enzyme restriction endonuclease. Identify the incorrect statement. (a) The enzyme recognises a specific palindromic nucleotide sequence in the DNA. (b) ... (d) The enzyme cuts the sugar-phosphate backbone at specific sites on each strand.
Last Answer : (c) The enzyme binds DNA at specific sites and cuts only one of the two strands.
Description : Pick out the wrong statement. (A) A catalyst does not alter the final position of equilibrium in a reversible reaction (B) A catalyst initiates a reaction (C) A catalyst is specific in reaction (D) A catalyst remains unchanged in chemical composition at the end the reaction
Last Answer : (B) A catalyst initiates a reaction
Description : Non-monetary items which are carried in terms of historical cost denominated in a foreign currency should be reported using the exchange rate at the date of the ___________ (a) Balance Sheet (b) Transaction (c) Settlement (d) None of the above
Last Answer : b) Transaction
Description : Under the Insolvency and Bankruptcy Code, 2016, debts owed to a secured creditor in the event such secured creditor has relinquished security ranks equally with ___________. a) insolvency ... period of twelve months preceding the liquidation commencement date d) dues to Central Government
Last Answer : b) workmen’s dues for a period of 24 months prior to liquidation commencement date
Description : To determine the state of charge of a nickel-cadmium battery, you should ___________. A. check the electrolyte with a hydrometer B. use the constant specific gravity method C. use a nonbreakable mercury thermometer D. connect a voltmeter to the battery terminals
Last Answer : Answer: D
Description : Parts-of-Speech tagging determines ___________ a) part-of-speech for each word dynamically as per meaning of the sentence b) part-of-speech for each word dynamically as per sentence structure c) all part-of-speech for a specific word given as input d) all of the mentioned
Last Answer : d) all of the mentioned
Description : A ___________ audit is used to assess a company's image among the organisation's publics or to evaluate the effect of a specific program A)communications B)social C)environmental D)public relations E)publicity
Last Answer : D)public relation
Description : The internal auditing profession has advanced primarily as a result of a. Increased interest by Bachelor of Science in Accountancy (BSA) graduates and experienced auditors. b. The ... emphasis on background knowledge and skills. d. Increased complexity and sophistication of business operations.
Last Answer : Increased complexity and sophistication of business operations.
Description : In performing a financial statement audit, which of the following would an auditor least likely consider? a. Internal control. b. Compliance with GAAP. c. Fairness of the financial statement amounts. d. Quality of management’s business decisions.
Last Answer : Quality of management’s business decisions.
Description : A key aspect of the financial section of the business plan is _________. A. A statement of management skills. B. A realistic sales forecast. C. Production capacity. D. A description of competitors.
Last Answer : B. A realistic sales forecast.
Description : Why In Aisha's culture women are expected to help provide for a family's financial well being while in Leila's culture that role is expected only of men. This example shows that deviance is.?
Last Answer : Relative (APEX)
Description : Horizontal Analysis shows the comparison of data for several years against a chosen ---------------- year. a) Base year C. Financial year b) Previous year D. Calender year
Last Answer : a) Base year
Description : Which leaverage shows the relationship between the revenue in the account of sales and the taxable income A. Financial B. Operating C. Combined
Last Answer : Answer: C
Description : Of the following, which shows the name of each position and its hierarchy within an organization?
Last Answer : organizational chart A+
Description : According to Mendelism, which character shows dominance? (a) Terminal position of flower (b) Green colour in seed coat (c) Wrinkled seeds (d) Green pod colour
Last Answer : (d) Green pod colour
Description : A patient in your dental chair shows chest pain, weak pulse and dysponea, what is your initial management, A. Give a nitro-glycerine tablet and keep the patient up seated B. Put the patient in supine position C. Do nothing and wait until the symptoms go
Last Answer : A. Give a nitro-glycerine tablet and keep the patient up seated
Description : Current ratio shows----- a) The change in gross profit b) The working capital position c) The liquidity of assets d) The change in net profit
Last Answer : b) The working capital position
Description : Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position
Last Answer : Answer: have no effect on liquidity
Description : Examples of circumstances that may create self-review threat least likely include a. Potential employment with an assurance client. b. Preparation of original data used to generate financial ... services for an assurance client that directly affect the subject matter of the assurance engagemen
Last Answer : Potential employment with an assurance client
Description : When a CPA who is not independent is associated with financial statements, he would be precluded from expressing an opinion becausea. The public would be aware of his lack of ... Any auditing procedures he might perform would not be in accordance with generally accepted auditing standards
Last Answer : Any auditing procedures he might perform would not be in accordance with generally accepted auditing standards
Description : The auditor's judgment concerning the overall fairness of presentation of financial position, results of operation, and changes in cash flow is applied within the framework of a. ... b. Generally accepted accounting principles. c. Philippine Financial Reporting Standards d. Quality control
Last Answer : Philippine Financial Reporting Standards
Description : How best would you describe the financial position of the company, at the beginning of the simulation when control of the company is handed over to you? a. Of moderate excellence b. Close ... d. Heavily indebted but not close to bankruptcy e. Bad but with ample opportunity for improvemen
Last Answer : a. Of moderate excellence
Description : Cash position is a. the cash position at the beginning of the round. b. a projection of the cash position at the end of the round. c. the cash position at the beginning of the round and a projection of ... at the end of the round. d. the financial position of the company. e. none of the above.
Last Answer : c. the cash position at the beginning of the round and a projection of the cash position at the end of the round.
Description : Dunham Greenberg formula is not based the consumer’s _____(a) material status b) Income level c) financial position)
Last Answer : (a) material status
Description : Which of the following is not the main objective of accounting? A] Systematic recording of transactions B] Ascertaining profit or loss C] Ascertainment of financial position D] Solving tax disputes with tax authorities
Last Answer : D] Solving tax disputes with tax authorities