12 May 2014

Smu mba financia & management accounting sample paper set three



 Note: Two Square boxes in which one box is correct answer and others is wrong.
Unit 1 Mark 2
You have completed your quiz attempt. You have scored 0 of 8 possible points.



Question:
Book keeping identifies the transactions and events, measures & records them is books of accounts. Where does classification of accounts takes place? Classification of accounts takes place in
Response:
Journal
Wrong
Journal proper
Feedback:
Not the right choice. Review Unit 1.2
Cash book
Should have chosen
Ledger

Question:
Trial balance shows the
Response:
Wrong
result of operational performance of the firm
Feedback:
Not the right choice. Review Unit 1.8
Should have chosen
balances of each and every account to verify whether the sums of debit balance is equal to the sum of credit balance.
cash inflows and outflows resulted during the accounting period
financial position of the firm.
Question:
Balance sheet provides information on the
Response:
Wrong
qualitative aspects of the firm
Feedback:
Not the right choice. Review Unit 1.3
Should have chosen
financial position of an enterprise
Cash inflows and cash outflows of the firm
competition and future prospects

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