FINANCE AND ACCOUNTING

“Finance and accounting involve managing money, analyzing financial data, budgeting, forecasting, auditing, ensuring compliance, and making strategic decisions to maintain financial health and support business growth and sustainability.”

1 / 15

What does the abbreviation “GST” stand for?

2 / 15

Which financial statement shows a company’s assets and liabilities?

3 / 15

Which of these is an example of a fixed asset?

4 / 15

Which accounting term means "owed by the company"?

5 / 15

Which software is commonly used for accounting?

6 / 15

What is the full form of ROI?

7 / 15

Which section of the Income Tax Act in India deals with salary income?

8 / 15

What is the double-entry system of accounting?

9 / 15

Which of these would appear under “Current Liabilities”?

10 / 15

What is depreciation?

11 / 15

Which accounting principle assumes the business will operate indefinitely?

12 / 15

Which schedule of the Companies Act, 2013 in India prescribes the format for financial statements?

13 / 15

Which ratio indicates a firm’s short-term liquidity position?

14 / 15

Which of the following is not a cash equivalent?

15 / 15

Which account is affected when goods are sold on credit?

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