1. What do you mean the term capacity for adoption? A. It is the stability of the enterprise to meet currently maturing Obligations B. It is the availability of cash over the longer term to meet maturing Obligations C. It is the source of financial for assets of the enterprise. It indicates how much is borrowed capital and how much is Equity capital. D. It is the financial flexibility of the enterprise to use available cash for unexpected Requirements and investments opportunities. 2. When does calendar year occur? A. The Accounting period will begin on January 1 and will end on December 31 kd the same year. B. This is the most common annual Accounting period that the business adopts because this is the nearest Accounting period wherein business entities file their income tax returns. C. The business records are closed on December 31 and the deadline for filing the said returns is April 15 of the next year. D. The Accounting period will begin on the first day of any month of the year except January and will end on the last day of the twelveth month completing the one year period . A. A-B-C B. A-B-C- D C. A-B D. A and D only
1. What do you mean the term capacity for adoption?
A. It is the stability of the enterprise to meet currently maturing Obligations
B. It is the availability of cash over the longer term to meet maturing Obligations
C. It is the source of financial for assets of the enterprise. It indicates how much is borrowed capital and how much is Equity capital.
D. It is the financial flexibility of the enterprise to use available cash for unexpected Requirements and investments opportunities.
2. When does calendar year occur?
A. The Accounting period will begin on January 1 and will end on December 31 kd the same year.
B. This is the most common annual Accounting period that the business adopts because this is the nearest Accounting period wherein business entities file their income tax returns.
C. The business records are closed on December 31 and the deadline for filing the said returns is April 15 of the next year.
D. The Accounting period will begin on the first day of any month of the year except January and will end on the last day of the twelveth month completing the one year period .
A. A-B-C
B. A-B-C- D
C. A-B
D. A and D only
3.What is the role of the accountants?
A. Life- blood of a nation for how can nation loved and survived without funds to defray government expenses, delivering basic services, Economic developments, infrastructure etc.
B. Prepare a financial report for the business
C. He assumes the responsibility of devising systems and methods to safeguard the properties owned by the business
D. He will take the final role of the analyzing and interpreting the financial statements
E. He will be the one to explain to the proprietor or business management of what happened to the business
A. A,B,C
B. A,B,C,D
C. A,B,C,D,E
E. B,C,D,E
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