Students and Teachers Forum

1. The enquiry is done for obtaining information regarding the ______.

"all the options are .....

2. The invoice states particulars of goods sold like ______.

"all the options are .....

3. How many types of trade are there?

.....

4. The person who engages in the job of buying and selling is called ______.

.....

5. Trade is the process of exchanging goods and services for ______.

.....

6. Trade helps to continue ______ of goods and services.

"all the options are .....

7. "Trade refers to the sale, transfer or exchange of goods or services." Who gave this definition?

"A. N. .....

8. Which one of them is the objective of bank reconciliation statement?

"All the options are .....

9. Bank reconciliation statement is also known as ______.

"AGF no. .....

10. All the government transactions are done through ______.

.....

11. The statement prepared by operating level office to reconcile the balance of bank cash book or pass book is known as ______.

"bank reconciliation .....

12. Bank reconciliation statement is prepared under ______.

"AGF no. .....

13. A statement to be prepared by government office to disclose the information about receipt of security deposit & other details. It provides the information about the security deposit of a particular month as well as the net amount of security deposit is called ______.

"statement of security .....

14. The monthly statement which discloses the information of unclear advance is called the ______.

"statement of outstanding .....

15. The first part of the statement of expenditure shows the ______.

"all the options are .....

16. What is the full form of AGF?

"Auditor General .....

17. Which one of them is the objective of the Statement of Expenditure?

"All the options are .....

18. The monthly statement is prepared under the AGF No. ______.

.....

19. The monthly statement which is prepared to disclose the position of budget & position of the fund is known as ______.

"statement of .....

20. ______ is the example of manufacturing or factory expenses.

"All the options are .....

21. The expenses, which are incurred inside the factory for the production of the goods, are known as ______.

"factory or manufacturing .....

22. ______ is the stock of goods, which remained unsold at the end of the previous accounting period.

"Opening .....

23. Trading account is prepared in the form of ______.

.....

24. The trading account contains the items relating to ______.

"all the options are .....

25. Items relating to ______ are debited in the profit and loss account.

"all the options are .....

26. ______ is the permanent decrease in the value of fixed assets due to their continuous use.

.....

27. The expenses, which are incurred for fulfilling the financial need of the business, are known as ______.

"selling and distributing .....

28. Expenses, which are incurred in the process of selling and distributing the goods, are known as ______.

"selling and distributing .....

29. All the expenses, which are incurred in the process of operating the business, are known as ______.

"office and administrative .....

30. The unsold items of goods remained in the store at the end of the accounting year is called ______.

"closing .....

31. Expenses incurred but not yet paid, are called ______.

"outstanding .....

32. Expense paid in advance is called ______.

"prepaid .....

33. The transactions, which appear outside the trial balance, have a ______.

"dual .....

34. The items that appear in the trial balance have a ______ in the final accounts.

"single .....

35. Expenses incurred but not yet paid, are called ______.

"outstanding .....

36. Expense paid in advance is called ______.

"prepaid .....

37. The excess amount of income over expenditure is known as ______.

"net .....

38. ______ is the statement which shows the financial picture of the business organization.

"Balance .....

39. The balance sheet contains the items of ______.

"all the options are .....

40. The process of obtaining the total budget release and expenditures up to the month is called _______.

"monthly .....

41. The budget sheet is closed at the end of each fiscal year, which is known as ______.

"yearly .....

42. The second part of the budget sheet records the amount of ______.

"all the options are .....

43. The transactions, which do not affect the budget expenditures, are not recorded in ______.

"budget expenditure .....

44. A budget sheet is prepared on the basis of ______.

"journal .....

45. Budget sheet is prepared under the prescribed format of AGF No. ______.

.....

46. Budget sheet has ______ subheads of expenditures.

.....

47. Budget sheet has ______ main heads of expenditures.

.....

48. Budget sheet is prepared by operating level offices at the end of ______.

"each .....

49. A ______ is the statement of the annual appropriation of budget, budget release and budget expenditures of operating level offices.

"budget .....

50. Which one of the factor should be considered carefully by the petty cashier for the proper operation of the fund?

"All the options are .....