Author Archives: Rana Tahir

NGOs are legally required to?

A. Prepare accounts in a prescribed manner under the law
B. Prepare accounts as desired by donors
C. Submit Balance sheet only
D. Submit income source only

Cash budget exclude the following?

A. Non-Cash items
B. Cash items
C. Purchase on Credit items
D. Credit sales

Partners in Pakistan can today be fixed at the following numbers?

A. 20
B. 50
C. 70
D. 22

Double entry book-keeping was fathered by?

A. F.W Taylor
B. Henry Fayol
C. Lucas Pacioli
D. None of these

Depreciation expense is?

A. a cash inflow
B. a cash outflow
C. Added to the accumulated
D. ignored when proper cash flow statement

Quick Asset includes which of the following?

A. Cash
B. Account receivable
C. Both a & b
D. Marketable securities

Real accounts are related to?

A. Assets
B. Expense and income
C. Customer and creditor
D. None of these

Accounting principle’s are generally based on?

A. Practicability
B. Subjectivity
C. Convenience in recording
D. None of these

The working capital reaches to zero when the current ratio is?

A. 1
B. 2
C. 3
D. None of these

_____ focuses on the future needs of both organizational and employee needs?

A. Training and development
B. Performance management
C. Career management
D. None of these