Financial Accounting MCQs

Capital increases if ______

A _______ can also be referred to as a tangible asset

Trademark, Copyrights & Patents are _____ assets

______ is a written evidence in support of a business transaction

Notes and schedules is used to present supplementary information explaining different items of financial statements

Notes and schedules include disclosures about the risk and uncertainties affecting the enterprise and such items as disclosure of _______

______ is used to analyse the pattern of movement or activity during the period to identify the way the enterprise has generated cash and the way they have been used in an accounting period

______ is not a primary source of long-term debt financing

Cash flow is also known as _____

_______ helps to find out the profit made on loss sustained in a particular accounting period through transactions and events