Search
Question: What is the primary purpose of journal entries in corporate accounting?Options: To summari..
Question: Which method is best for comparing projects of different sizes?Options: Payback PeriodNet ..
Question: What is the main advantage of using NPV over other capital budgeting techniques?Options: I..
Question: Which of the following is a limitation of the Payback Period method?Options: It ignores ca..
Question: What is the Internal Rate of Return (IRR)?Options: The discount rate that makes NPV zeroTh..
Question: Which capital budgeting technique considers the time value of money?Options: Payback Perio..
Question: In capital budgeting, what does NPV stand for?Options: Net Profit ValueNet Present ValueNe..
Question: What does the Payback Period measure?Options: The time it takes to recover the initial inv..
Question: Which of the following is NOT a capital budgeting technique?Options: Net Present Value (NP..
Question: What is the primary purpose of capital budgeting?Options: To determine the profitability o..
Question: Which principle requires that expenses be matched with revenues in the period in which the..
Question: Which of the following is an example of a non-current asset?Options: InventoryAccounts Rec..
Question: What is the purpose of an audit?Options: To prepare financial statementsTo detect fraudTo ..
Question: What method of depreciation allocates an equal amount of depreciation expense each year?Op..
Question: In preparing final accounts, which statement is prepared first?Options: Balance SheetIncom..
Question: Which of the following is NOT a component of a trial balance?Options: AssetsLiabilitiesEqu..
Question: What is the primary purpose of a journal entry in accounting?Options: To summarize financi..
Question: What is the formula for calculating return on equity (ROE)?Options: Net income / Total ass..
Question: What is the primary focus of accounting standards?Options: To maximize profitsTo ensure co..
Question: Which ratio is used to measure a company\'s liquidity?Options: Debt to equity ratioCurrent..
Question: What is the effect of inventory valuation on financial statements?Options: It affects only..
Question: Which accounting principle requires that expenses be matched with revenues?Options: Revenu..
Question: Which of the following methods is NOT used for inventory valuation?Options: FIFOLIFOWeight..
Question: Which of the following is a liquidity ratio?Options: Debt to Equity RatioCurrent RatioRetu..
Question: What is the effect of an overstatement of ending inventory on the financial statements?Opt..
Question: Which accounting standard governs the valuation of inventory?Options: IFRS 15IAS 2IFRS 9IA..
Question: What is the journal entry to record depreciation expense?Options: Debit Depreciation Expen..
Question: Which inventory valuation method results in the highest ending inventory during inflation?..
Question: What is the purpose of a trial balance?Options: To prepare financial statementsTo ensure t..
Question: What is the journal entry to record the sale of goods for cash?Options: Debit Cash, Credit..
