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+--- Thread: Answer the questions (/thread-answer-the-questions)
Answer the questions - shsaeed - 10-07-2007
1 . Which one of the following is a Current Liability
Bonds Payable
Mortgage Payable
Accounts Payable
Premium on Bonds Payable
2 . Which one of the following is an Operating Expense
Loss from fire
Interest Expense
Depreciation Expense
Credit Card Expense
3 . Which one of the following is a Long term Asset
Stationary
Machinery
Cash
Accounts Receivable
4 . Which one of following is an Owner's Equity
Withdrawls
Purchases
Cash
Commissions Earned
5 . Which one of the following is a Intangible Asset
Treasury Stock
Stationary
Change Fund
Copyright
6 . Which one of the following is a Longterm liability
Mortgage Payable
Discount on Bonds Payable
Dividents Payable
Interest Payable
7 . Which one of the following is a Intangible Asset
Change Fund
Freewill
Patents
Petty Cash
8 . Which one of the following is a Contra Long Term Asset
Accumulated Depreciation
Allowance for Doubtful Accounts
Premium on Bonds Payable
Discount on Notes Payable
9 . Which one of the following is a Cuurent Liability
Dividends Payable
Discount on Notes Payable
Discount on Bonds Payable
Mortgage Payable
10 . Which one of the following is a Contra Revenue
Accumulated Depreciation
Purchases Discount
Sales Discount
Discount on Notes Payable
Muhammad Asim Saeed Sheikh
- shsaeed - 10-08-2007
I think this forum is full of qualified accountants.
Is no one can able to answer these questions?
i think everyone can get 100% marks.
- noman - 10-08-2007
my answers....
1-accounts payable
2-depreciation
3-machinery
4-quetion is unclear
5-copyright
6-mortgage payable
7-patents
8-acc.depreciation
9-dividend payable
10-sales discount
- shsaeed - 10-08-2007
<font size="5"><b><center>CONGRATULATIONS</center></b></font id="size5">
<font size="3"><b><center>Mr. Noman</center></b></font id="size3">
You Got 9/10
Muhammad Asim Saeed Sheikh
- shsaeed - 10-08-2007
The Answer Of 4 Is Withdrawls.
Owners' Equity
Interest of the owners in the assets of the business represented by capital contributions and retained earnings.
- shsaeed - 10-08-2007
1 . Which one of the following is a Capital Expense
Petrol and oil for motor vehicle
Cost of new Machinery
Rates on factory
Repainting office
2 . Which one of the following is a Revenue Expense
Petrol and oil for motor vehicle
Cost of new Machinery
Extension to factory
Solicitor's fees for purchase of new factory premises
3 . Which one of the following is a Capital Expense
Stationary
Purchase of new typewriters
Repairs to factory roof
Petrol and oil for motor vehicle
4 . Which one of the following is a Revenue Expense
Wages of staff installing new machinery
Purchase of new typewriters
Installation of air conditioning system in offices
Wages of office staff
5 . Which one of the following is a Capital Expense
Wages of staff installing new machinery
Stationary
Wages of staff using new machinery
Wages of office staff
6 . Which one of the following is a Revenue Expense
Extension to factory
Purchase of new typewriters
Replacement of typewriters
Cost of training course for staff using new machinery
7 . Which one of the following is a Capital Expense
Replacement of rotten windows in offices
Installation of air conditioning system in offices
Repainting office
Replacement of typewriters
8 . Which one of the following is a Revenue Expense
Extension to factory
Installation of air conditioning system in offices
Cost of new Machinery
Repairs to factory roof
9 . Which one of the following is a Capital Expense
Wages of staff using new machinery
Extension to factory
Repainting office
Repairs to factory roof
10 . Which one of the following is a Revenue Expense
Cost of training course for staff using new machinery
Repainting office
Cost of new Machinery
Installation of air conditioning system in offices
Muhammad Asim Saeed Sheikh
- shsaeed - 10-08-2007
This is the second test is there anyone who can take.
- musafir - 10-08-2007
1. Cost of new Machinery
2. Petrol and oil for motor vehicle
3. Purchase of new typewriters
4. Wages of office staff
5. Wages of staff installing new machinery
6. Replacement of typewriters
7. Installation of air conditioning system in offices
8. Repairs to factory roof
9. Extension to factory
10. Repainting office
- shsaeed - 10-08-2007
<font size="5"><b><center>CONGRATULATIONS</center></b></font id="size5">
<font size="3"><b><center>Mr. MUSAFIR</center></b></font id="size3">
You Got 10/10
Ooo Bally Bally Ooo Shawa Shawa
Muhammad Asim Saeed Sheikh
- shsaeed - 10-08-2007
1 . Which one of the following definition of Economics is associated to Prof. Robbins
<b>Economics studies that part of individual and social action that is closely connected with the attainment and use of the material requisites of well being
Economics is the study of how people make choices under conditions of scarcity and the results of those choices for society.
Economics is a study of production, exchange, distribution and consumption of wealth
none of the above</b>
2 . Which one of the following definition of Economics is associated to Adam smith
<b>Economics studies that part of individual and social action that is closely connected with the attainment and use of the material requisites of well being
Economics is the study of how people make choices under conditions of scarcity and the results of those choices for society.
Economics is a study of production, exchange, distribution and consumption of wealth
none of the above </b>
3 . Which one of the following definition of Economics is associated to Prof. Marshall
<b>Economics studies that part of individual and social action that is closely connected with the attainment and use of the material requisites of well being
Economics is the study of how people make choices under conditions of scarcity and the results of those choices for society.
Economics is a study of production, exchange, distribution and consumption of wealth
none of the above</b>
4 . Which one of following defines Economic Surplus
<b>Benefit of taking an action minus its cost
Cost of taking an action minus its benfit
Harm associated with taking an action minus its cost
none of the above </b>
5 . Which one of the following defines Marginal Benefit
<b>Total benefit resulting from undertaking an activity divided by total units of such activity
Decrease in total benefit resulting from carrying out one additional unit of activity
Increase in total benefit resulting from carrying out one additional unit of activity
none of the above </b>
6 . Which one of the following defines Marginal Cost
<b>Decrease in total cost that results from carrying out one additional unit of activity
Increase in total cost that results from carrying out one additional unit of activity
Total cost resulting from undertaking an activity divided by total units of such acitivity
none of the above</b>
7 . Which one of the following defines Reservation price
<b>The highest price someone is willing to pay to obtain a good or service
The lowest price someone is willing to pay to obtain a good or service
The median price someone is willing to pay to obtain a good or service
none of the above </b>
8 . Which one of the following defines Opportunity Cost
<b>Value of the all other alternative together that must be forgone to undertake the activity
Value of the next worst alternative that must be forgone to undertake the activity
Value of the next best alternative that must be forgone to undertake the activity
none of the above</b>
9 . Which one of the following defines Cost Benefit principle
<b>An individual should not take action, if , and only if, the extra benefit from taking the action is atleast as great as the cost
An individual should take action regardless of the harm it entails
An individual should take action, if , and only if, the extra benefit from taking the action is atleast as great as the cost
none of the above</b>
10 . Which one of the following defines Micro Economics
<b>Mciro Economics is the study of individual choices under scarcity and its implications for the prices and quantities in individual markets
Mciro Economics is the study of the performance of national economies and the policies that government use to try to improve that performance
Micro Economics is the study of gross output of small and medium size manufacturing plants
none of the above</b>
Muhammad Asim Saeed Sheikh
- shsaeed - 10-08-2007
This is the third test hope very easy for everyone.
- noman - 10-09-2007
whats your point mr.shsaeed?? u want to test ppl here or what?
- shsaeed - 10-09-2007
just checking knowledge , r u never like it?
its only base , in further i ask some complex questions.
actually this will greatly help the students to get
in touch with basics.
- shsaeed - 10-09-2007
Hurry Up GUYS plz take the test so i can give the next.