1. Outstanding Salaries is shown as

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

3. Computers purchased for re-sale is:

4. Profit and loss Account discloses:

5. Direct Expenses are entered in:

6. Subtracting all expenses from revenues yields?

7. Trading Account discloses-

8. Direct Expenses are entered in:

9. Drawing is deducted from:

10. Drawing is deducted from:

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

12. Profit earn through normal activities of business

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

14. Balance Sheet shows :

15. Final Accounts are prepared :

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

17. Which is an example of fictitious assets?

18. Goodwill is a-

19. Trade Mark is _.

20. What do the asset turnover ratios measure?