821. Administration spans across all the upstream, mainstream, and downstream activities of a firm, such as:
(A) Design, research, and development
(B) Production
(C) Marketing
D) All of the above
822. The term 2/10-n/30 implies that __ % discount will be given if the payment is made within days or the full amount is receivable within 30 days?
A) 2,10
B) 10,2
(C) 10,30
(D) 3,15
823. Goods returned by customers should be debited to which of the following accounts?
(A) Sales income account
(B) Sales account
C) Return inward account
(D) Expenses account
824. Cash received for services rendered will______________?
(A) Increase cash and liability
(B) Increase equity and liability
C) Increase fixed assets and cash
(D) Increase cash and equity
825. Which of the following best describes the increase in equity expands___________?
A) Business operations
(B) Cash outflows
(C) Inflows of cash
(D) Appropriation expenses
826. If Cash=$1000, inventories=$4000, Debtors=$5000, fixed assets=?, Capital+Liabilities=$15000, What is the Amount of total assets?
(A) $5,000
(B) $10,000
(C) $15,000
D) $20,000
827. Depreciation decreases____________?
(A) Liabilities
B) Cash
(C) Bank
(D) Capital
828. An increase in provision for bad debt will____________?
(A) Decrease net income
(B) Decrease liabilities
C) Increase net income
(D) Increase liabilities
829. Current assets Current liabilities=?
(A) Capital
(B) Absorbed capital
C) Net assets
(D) Net working capital
830. Assets-Liabilities=__?
(A) Cash
B) Equity
(C) Net income
(D) Net expenses
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