Accounting Manager series-15 November 30, 2020December 27, 2020wefru Quiz Accounting Manager series-15 quiz you are applying for a job / interview / Competitive Exams RBB, SSC, MBA, B.Com, BBA Enterence exams Solving quiz you will prepare yourself.. 0 Created on November 29, 2020 By wefru Manager Series 15 TEST YOUR SKILLS BRODLY 1 / 10 141. Transferring the debit and credit item from the journal to the respective accounts is called Compound Journal Ledger Trial balance None of these 2 / 10 142. A statement containing the various ledgers balances on particular date Compound Journal Ledger Trial balance None of these 3 / 10 143. Retained earnings will change over time because of several factors. Which of the following factors would explain an increase in retained earnings? Net Loss Net income Dividend Investment by share holder 4 / 10 144. The full disclosure principle, as adopted by the accounting profession, is best described by which of the following? All information related to an entity's business and operating objectives is required to be disclosed in the financial statements. Information about each account balance appearing in the financial statements is to be included in the notes to the financial statements. Enough information should be disclosed in the financial statements so a person wishing to invest in the stock of the company can make a profitable decision. Disclosure of any financial facts significant enough to influence the judgment of an informed reader 5 / 10 145. The trial balance is ______________ Provides a listing of the balance of each account in active use. Is used to prove that there are no errors in the journal or ledger. Is a formal financial statement. none 6 / 10 146. Investment in Bonds should be disclosed on the balance sheet. On liability side of balance sheet On Assets side of balance sheet On both side of Balance sheet None of these 7 / 10 147. Which of the following functions is managerial accounting intended to facilitate? Planning Decision making Control All of these 8 / 10 148. Accounting principles are Unlike principles of physical sciences. Verifiable through observations and records As definite as principles of physics and chemistry Thoughts of accountant 9 / 10 149. Business entity concept distinguishes between: Individual and business Business and business Owners Debtors and creditors 10 / 10 150. Financial account provide summary of: Asset Liability Accounts none Your score isThe average score is 0% LinkedIn Facebook Twitter VKontakte 0% Restart quiz