Accounting & Auditing Paper I (2001) - B


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1.    An owner investment of land into the business would?





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2.    A cash purchase of supplies would?
An owner investment of each into the business would?





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3.    The payment of rent each month for office space would?




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4.    An owner investment of each into the business would?





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5.    Real accounts are related to?
Which one of the following accounts would usually have a debit balance?





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6.    Net income plus operating expenses is equal to?





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7.    Quick assets include which of the following?





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8.    The maximum number of partners in Pakistan can be fixed at the following?




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9.    Which one of the following accounts would usually have a debit balance?





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10.    Balance sheet is always prepared?



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