1. Trade Mark is _.

2. Profit and loss Account discloses:

3. Direct Expenses are entered in:

4. Outstanding Salaries is shown as

5. Profit earn through normal activities of business

6. Trading Account discloses-

7. Final Accounts are prepared :

8. What do the asset turnover ratios measure?

9. Direct Expenses are entered in:

10. What does an increasing collection period for accounts receivable suggest about a firm’s credit policy?

11. Balance Sheet shows :

12. Goodwill is a-

13. Computers purchased for re-sale is:

14. Drawing is deducted from:

15. Which of the following items is included in the adjustment of net income to obtain cash flow from operating activities?

16. Subtracting all expenses from revenues yields?

17. How would revenue from sales of goods and services be classified?

18. The primary source of revenue for a wholesaler is?

19. Which is an example of fictitious assets?

20. Drawing is deducted from: