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Financial Management & Accounting
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Course Name
MCA (Master of Computer Application)
Subject Code MC0065 (Financial Management & Accounting)
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PART - A
PART - B
PART - C
Subject : Financial Management & Accounting
MC0065 : PART - A
Q. 1 | ______ shows the financial position of the organization at an instant of time |
| A) | A) Profit and Loss Account |
| B) | B) Balance Sheet | | C) | C) SCFP | | D) | D) None of the above | | | | Q. 2 | ____ may be defined as the science as well
as the art of recording business transactions
under appropriate accounts |
| A) | A) Financial accounting |
| B) | B) Management accounting | | C) | C) Cost accounting | | D) | D) Book keeping | | | | Q. 3 | Creditors on accounts is _______ |
| A) | A) Liability |
| B) | B) Asset | | C) | C) Both A) and B) | | D) | D) None of the above | | | | Q. 4 | ___ is a business transaction where, no
doubt, receiving of something and giving of
something take place |
| A) | A) Cash Transaction |
| B) | B) Credit Transaction | | C) | C) Barter Transaction | | D) | D) None of the above | | | | Q. 5 | The French word “Lier” means: |
| A) | A) To bind |
| B) | B) To give | | C) | C) Both A) and B) | | D) | D) None of the above | | | | Q. 6 | Characteristic of Bill of Exchange is: |
| A) | A) It must be a request to pay |
| B) | B) It must be conditional | | C) | C) It must be signed by the maker | | D) | D) All of the above | | | | Q. 7 | _____ allow direct data entry into the
computer without doing any manual data entry |
| A) | A) Standard Programmes |
| B) | B) Scanner | | C) | C) Flow Charts | | D) | D) Parity Bit | | | | Q. 8 | Operational Expenses are: |
| A) | A) Increase in Assets |
| B) | B) Decrease in Assets | | C) | C) Increase in owners’ Equity | | D) | D) Decrease in owners’ Equity | | | | Q. 9 | ________ is a policy of caution or playing safe
and had its origin as a safeguard against possible
losses in a world of uncertainty |
| A) | A) Convention of Materiality |
| B) | B) Convention of Conservatism | | C) | C) Convention of Consistency | | D) | D) Convention of Full Disclosure | | | | Q. 10 | _________ is the basic function of Accounting |
| A) | Recording |
| B) | Classifying | | C) | Summarizing | | D) | Communicating | | | |
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