1. Goodwill is a-

2. Final Accounts are prepared :

3. Direct Expenses are entered in:

4. Drawing is deducted from:

5. Subtracting all expenses from revenues yields?

6. What do the asset turnover ratios measure?

7. Trade Mark is _.

8. Profit earn through normal activities of business

9. Trading Account discloses-

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

11. Computers purchased for re-sale is:

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

13. Which is an example of fictitious assets?

14. Direct Expenses are entered in:

15. Profit and loss Account discloses:

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

17. Outstanding Salaries is shown as

18. Drawing is deducted from:

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

20. Balance Sheet shows :