Self Studies

Financial State...

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  • Question 1
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     Financial statements, provide the necessary information about the performance of the ____________.

  • Question 2
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    The gaps between the management performance and ownership expectations are understood through _________.

  • Question 3
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     Following are limitations of financial information ________________.

  • Question 4
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    Select the most appropriate alternative from those given below:
    _______ is a statement which shows the financial position of business on a specified date.

  • Question 5
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     From the following __________ limitations of financial statements.

  • Question 6
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    Select the most appropriate alternative from those given below:
    Outstanding expenses are shown on the _______ side of Balance Sheet.

  • Question 7
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    Select the most appropriate alternative from the given below:
    Unearned income is shown on _______ side of Balance Sheet.

  • Question 8
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    Profit and loss account discloses the profit/loss for a ___________period.

  • Question 9
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    New Company promoted by persons without any track record can issue shares at ________.

  • Question 10
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    Divisible profits means __________.

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