Skip to main content

MGT101 Quiz No.1 Shared by Syeda Siddra Sumreen Zahra

Question # 1 of 10 ( Start time: 06:06:33 PM ) Total Marks: 1
Which of the following account balance is shown on credit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)
Select correct option:
a. Cash account
b. Furniture account
c. Vehicle account
d. Capital account

Question # 2 of 10 ( Start time: 06:07:46 PM ) Total Marks: 1
What is the next step to Journalizing in Accounting cycle?
Select correct option:
a. Recording
b. Posting
c. Balancing
d. Analyzing

Question # 3 of 10 ( Start time: 06:09:32 PM ) Total Marks: 1
If a business purchases machinery for Rs. 50,000 on 31st January 2008 having life for 10 years, this expense will be realized ________ under the concept of accrual accounting.
Select correct option:
a. Only for the year 2008
b. Only for the last day of 10th year
c. Over 10 years
d. Nothing can be said about it

Question # 4 of 10 ( Start time: 06:10:22 PM ) Total Marks: 1
Amount generated from sales in a business is called:
Select correct option:
a. Income
b. Net Income
c. Gross Profit
d. Operating profit

Question # 5 of 10 ( Start time: 06:13:47 PM ) Total Marks: 1
A Balance Sheet discloses the financial position of a firm:
Select correct option:
a. For a certain given period
b. At a particular point of time
c. After the fixed date
d. None of the given options

Question # 7 of 10 ( Start time: 06:16:10 PM ) Total Marks: 1
In which of the following statement/s closing stock is/are shown?
Select correct option:
a. Profit and loss account
b. Balance sheet
c. Income statement
d. All of the given options

Question # 8 of 10 ( Start time: 06:16:35 PM ) Total Marks: 1
The proper classification and normal balance of accounts receivables account is:
Select correct option:
a. Assets
b. Liabilities
c. Revenues
d. Expenses

Question # 9 of 10 ( Start time: 06:17:03 PM ) Total Marks: 1
What should be credited, if salary is paid to Sohail?
Select correct option:
a. Sohail account
b. Salaries account
c. Cash account
d. Drawings account

Question # 10 of 10 ( Start time: 06:17:31 PM ) Total Marks: 1
Which of the following is the first book to record a transaction?
Select correct option:
a. Trial Balance
b. Journal
c. Trial Balance
d. Balance Sheet

Comments

Post a Comment

Please give us your feedback & help us to improve this site.

Popular posts from this blog

CS614 Quiz No.4 Shared by Princess (solved), Spring 2014

  “What means What”. The phrase refers to: Select correct option:  Meta data  External data Transformed data Internal representations Question # 2 of 10 Which of the following is NOT one of the activities of “Maintenance and Growth” phase in Kimball’s DWH development approach? Select correct option: Education Technical Education Program Support  Interface Deployment                 Question # 3 of 10 Horizontally wide data means: Select correct option: Dataset has large no. of attributes Dataset has large no. of records Dataset has attribute skews Dataset has partitioning skews                 Question # 4 of 10 Which of the following is NOT one of the top-10 mistakes that should be avoided during DWH development? Select correct option: Not interacting directly with end ...
1 comment
Read more

CS614 Quiz No.4 Shared by MT Khan (Solved)

Question # 1 of 10 ( Start time: 09:04:39 PM ) Total Marks: 1 A typical cycle of implementing the change in DWH comprises of the sequence: Select correct option: Production -> QA -> Development Development-> QA -> Production(CORRECT) Development -> Production -> QA Production -> Development -> QA Question # 2 of 10 ( Start time: 09:05:16 PM ) Total Marks: 1 Vertically wide data means: Select correct option: Dataset has large no. of attributes Dataset has large no. of records(CORRECT) Dataset has attribute skews Dataset has partitioning skews Question # 3 of 10 ( Start time: 09:05:43 PM ) Total Marks: 1 In ___________ phase of kimballs approach, we identify the components needed now and in future. Select correct option: Requirement definition Architectural design Product development Analytical application development Question # 4 of 10 ( Start time: 09:06:56 PM ) Total Marks: 1 Technical architecture design supports the communicat...
2 comments
Read more

CS614 Quiz No.3 Shared by Students (Solved), Spring 2014

______ index stores first value in each block in the sequential file and a pointer to the block.  Select correct option:   Dense  Sparse  B-Tree  Hash In context of data parallelism, the work done by query processor should be:  Select correct option:  Almost zero  Maximum  Pipelined  Filtered across partitions The optimizer uses a hash join to join two tables if they are joined using an equijoin and  Select correct option:   Outer table has less number of rows  Inner table has less number of rows  Cardinality of tables is equal  Large amount of data needs to be joined Bitmap index is appropriate for:  Select correct option:  Low cardinality data  High cardinality data  Clustered data  Aggregated data If a task takes “T” time units to execute on a single data item, then execution of this task on “N” data items will take __...
Post a Comment
Read more