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Financial Management and
Accounting
Score1.00of 1
1. Financial accounting is for the
interests of
1. Government
2. Employees
3. Suppliers
4. Investors and
shareholders
Feedback:
Correct: Investors and
shareholders depend mainly
on accounting information
supplied through financial
accounts for making informed
investment decisions.
Score1.00of 1
2. ‘Inflate the sales for the current
year by advancing the sales from
the following year.’ It is,
1. Creative
accounting
2. Window
dressing
Feedback:
Correct: It is an accounts
manipulation technique
to boost the image of the
organization.
3. Kickback
4. None of the
above
Score1.00of 1
3. Funds brought in to start a
business by the owner or group of
owners is called,
1. Revenue
2. Debt
3. Capital
Feedback:
Correct: Capital is the
amount invested by the
owner or owners while
starting a business.
4. Asset
Score1.00of 1
4. Financial statement of business
at any targeted time in terms of
assets and liabilities,
1. Bookkeeping
2. Income and expenses
account
3. Profit and loss
account
4. Balance sheet
Feedback:
Correct: Balance sheet
provides a picture of
assets and liabilities at
the end of a particular
time period.
Score1.00of 1
5. An art and science of recording
business transactions is called
_________.
Accounting
Recording
Book keeping
Feedback:
Correct: Book keeping is
an art as well as science
of recording business
transactions
systematically.
Transaction recording
Score1.00of 1
6. A person or entity who has an
interest in the economic
performance of a business is a
__________.
Stakeholder
Feedback:
Correct: Stakeholder is a
person or an entity who
is interested in economic
health of the company.
Well wisher
Legal advisor
Successors

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Mca3010 unit 09-slm

  • 1. Financial Management and Accounting Score1.00of 1 1. Financial accounting is for the interests of 1. Government 2. Employees 3. Suppliers 4. Investors and shareholders Feedback: Correct: Investors and shareholders depend mainly on accounting information supplied through financial accounts for making informed investment decisions. Score1.00of 1 2. ‘Inflate the sales for the current year by advancing the sales from the following year.’ It is, 1. Creative accounting 2. Window dressing Feedback: Correct: It is an accounts manipulation technique to boost the image of the organization. 3. Kickback 4. None of the above Score1.00of 1 3. Funds brought in to start a business by the owner or group of owners is called, 1. Revenue 2. Debt 3. Capital Feedback: Correct: Capital is the amount invested by the owner or owners while starting a business. 4. Asset Score1.00of 1 4. Financial statement of business at any targeted time in terms of assets and liabilities, 1. Bookkeeping 2. Income and expenses account 3. Profit and loss account 4. Balance sheet Feedback: Correct: Balance sheet provides a picture of assets and liabilities at the end of a particular time period. Score1.00of 1 5. An art and science of recording business transactions is called _________. Accounting Recording
  • 2. Book keeping Feedback: Correct: Book keeping is an art as well as science of recording business transactions systematically. Transaction recording Score1.00of 1 6. A person or entity who has an interest in the economic performance of a business is a __________. Stakeholder Feedback: Correct: Stakeholder is a person or an entity who is interested in economic health of the company. Well wisher Legal advisor Successors