Question

Which of following events represent business transaction:
(A) Machinery is purchased for cash (B) Goods are ordered for delivery next month
(C) The owner of the firm dies
(D) An employee is dismissed from his job​

Answer 1

(B) Goods are ordered for delivery next month

hope this helps u

Answer 2

Answer:

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Explanation:

1

MCQ for Accounting for business decision

1. Managerial accounting information is generally prepared for …………………

a) Shareholders

b) Creditors

c) Managers

d) Regulatory agencies

2. Which of the following is not an internal user of management information?

a) Creditor

b) Department manager

c) Controller

d) Treasurer

3. Management accounting is applicable to-

a) Service entities

b) Manufacturing entities

c) Non profit entities

d) All of these

4. Creating Provision against fluctuation in the price of investment is an example of which

accounting convention

a) Convention of conservatism

b) Convention of full disclosure

c) Convention of materiality

d) Convention of consistency

5. The work of factory employees that can be physically associated with converting raw material

into finished goods is classified as-

a) Manufacturing overhead

b) Indirect materials

c) Indirect labour

d) Direct labour

6. Double entry system is used in which type of accounting

a) Cost

b)Financial

c) Management