951. If it is required to maintain fixed capitals then the partners’ shares of profits must be
A. Credited to capital accounts
B. Debited to capital accounts
C. Debited to partners’ current accounts
D. Credited to partners’ current accounts

952. The cost of capital method includes
A. dividend yield method
B. earning yield method
C. dividend yield + growth in dividend method
D. All of the above

953. Which method does not consider the time value of money
A. Net present value
B. Internal Rate of Return
C. Average rate of return
D. Profitability Index

954. Risk in capital budgeting implies that the decision maker knows _ of the cash flows.
A. Variability
B. Certainity
C. Probability
D. None of these

955. Cost of capital is helpful in corporative analysis of various
A. Source of Finance
B. Source of Services
C. Source of material
D. Product

956. In journal, the business transaction is recorded
A. Same day
B. Next day
C. Once in a week
D. Once in a month

957. The following is (are) the type(s) of Journal
A. Purchase journal
B. Sales journal
C. Cash journal
D. All of the above

958. The process of entering all transactions from the journal to ledger is called
A. Posting
B. Entry
C. Accounting
D. None of the above

959. The following is a statement showing the financial status of the company at any given time
A. Trading account
B. Profit and Loss statements
C. Balance sheet
D. Cash book

960. The following is a statement of revenues and expenses for a specific period of time
A. Trading account
B. Trial balance
C. Profit and loss statements
D. Balance sheet

NOTE
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