1. Treatment of current portion of long-term debt?

2. Discount Allowed’ refer to in accounting?

3. What does working capital measure?

4. What is a provision for gratuity?

5. What does PDC Discount mean?

6. Buyer’s document for purchase return?

7. What is P2P?

8. Which financial statement reflects the loss on the sale of an asset?

9. What does a cash budget primarily focus on?

10. Is an advance to suppliers of goods categorized as?

11. Outstanding expenses are also called?

12. Where is a firm’s net profit transferred?

13. First step in P2P process?

14. Which assumption suggests a business will continue for a foreseeable period?

15. A debit to Accounts Payable is when?

16. Purpose of provision for expenses?

17. How is gratuity provision accounted for?

18. Who approves invoices in three-way matching?

19. What does “deposits in transit” refer to?

20. Which is a non-operating expense?

21. Paid electricity for our associated company is?

22. Accounts receivable usually have a(n)?

23. Prepaid Income in accounting?

24. Is the provision for leave salary in the UAE?

25. 3-way matching in P2P?

26. A company’s loan to an employee is?

27. Revenue should be recognized when?

28. Which accounting concept relates to the recognition of obligations as liabilities?

29. Deferrals and accruals are based on?

30. GRN stand for in accounting?

31. Materiality Concept focuses on disclosing?

32. Aging report categorizes?

33. Which of these is an operating expense?

34. Total liabilities exceed total assets?

35. Final step in O2C process?

36. Main purpose of LC?

37. Discount Received in accounting?

38. Maternity leave duration in UAE?

39. What category does bad debt recovered fall into?

40. What is the other name for the Prudence Principle?

41. What type of expenditure is revenue expenditure?

42. Which assets are not shown directly on the B/S?

43. Current portion of long-term debt is ?

44. An expenditure that benefits only the current period is known as a?

45. What ensures revenues match expenses?

46. Prepaid expenses are?

47. What is the purpose of revaluing a fully depreciated asset?

48. Auditors assess a company's financial health based on?

49. Purpose of the statement of cash flows?

50. Which financial statement provides a snapshot of a company’s financial position at a specific point in time?

51. What does the Consistency Concept ensure?

52. Which of the following may be a contingent liability?

53. When issuing a debit note to  A/P, what occurs?

54. The nature of accumulated depreciation is?

55. TDS stands for Tax Deduction _____?

56. Final step in R2R?

57. R2R stand for in accounting?

58. Refundable deposits from customers belong?

59. Which A/C is credited while selling our company’s machinery in cash?

60. Revaluation Surplus in accounting refer to?

61. Pay during maternity leave in UAE?

62. The main purpose of a balance sheet is to?

63. When the actual gratuity exceeds the provision?

64. What are capital goods?

65. What is the origin of accounts payable?

66. What is the purpose of the audit trail?

67. formula for calculating the debt-to-equity ratio?

68. A debit to Accounts Receivable is when?

69. What’s O2C?

70. Working capital increases with a rise in?

71. Which concept treats a business as separate from its owners?

72. What is the purpose of the trial balance in accounting?

73. Which of the following is not an example of fixed assets?

74. FIFO stands for?

75. What future events trigger contingent liabilities?

76. If ₹5,400 is recorded as ₹4,500, what’s the error?

77. What Are Capital Expenditures?

78. Which of the following is not an example of a fictitious asset in a company?

79. OGS formula?

80. Accrual concept?

81. Owner’s Current Account in business?

82. Allowance for Doubtful Accounts is also known as?

83. Fixed assets are usually reported in the balance sheet on?

84. Which A/C is debited in the entry for depreciation?

85. Q2C in accounting?