1. Outstanding Salaries is shown as

2. Drawing is deducted from:

3. Final Accounts are prepared :

4. Direct Expenses are entered in:

5. Balance Sheet shows :

6. What do the asset turnover ratios measure?

7. Profit earn through normal activities of business

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

9. Trade Mark is _.

10. Profit and loss Account discloses:

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

12. Subtracting all expenses from revenues yields?

13. Drawing is deducted from:

14. Goodwill is a-

15. Direct Expenses are entered in:

16. Which is an example of fictitious assets?

17. Computers purchased for re-sale is:

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

19. Trading Account discloses-

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