1. Direct Expenses are entered in:

2. Final Accounts are prepared :

3. Profit and loss Account discloses:

4. Drawing is deducted from:

5. Goodwill is a-

6. Profit earn through normal activities of business

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

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. Direct Expenses are entered in:

11. What do the asset turnover ratios measure?

12. Subtracting all expenses from revenues yields?

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

14. Drawing is deducted from:

15. Balance Sheet shows :

16. Computers purchased for re-sale is:

17. Trading Account discloses-

18. Which is an example of fictitious assets?

19. Outstanding Salaries is shown as

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