1. What ensures revenues match expenses?

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

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

4. Total liabilities exceed total assets?

5. Materiality Concept focuses on disclosing?

6. What does a cash budget primarily focus on?

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

8. Revenue should be recognized when?

9. What is P2P?

10. Current portion of long-term debt is ?

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

12. Main purpose of LC?

13. What category does bad debt recovered fall into?

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

15. First step in P2P process?

16. What does PDC Discount mean?

17. Discount Received in accounting?

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

19. Purpose of the statement of cash flows?

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

21. What’s O2C?

22. 3-way matching in P2P?

23. A debit to Accounts Payable is when?

24. Paid electricity for our associated company is?

25. What future events trigger contingent liabilities?

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

27. Purpose of provision for expenses?

28. When the actual gratuity exceeds the provision?

29. What is the purpose of the audit trail?

30. Deferrals and accruals are based on?

31. Aging report categorizes?

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

33. Q2C in accounting?

34. R2R stand for in accounting?

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

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

37. Discount Allowed’ refer to in accounting?

38. Refundable deposits from customers belong?

39. What is the origin of accounts payable?

40. Outstanding expenses are also called?

41. What type of expenditure is revenue expenditure?

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

43. Revaluation Surplus in accounting refer to?

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

45. Who approves invoices in three-way matching?

46. What are capital goods?

47. Which is a non-operating expense?

48. A debit to Accounts Receivable is when?

49. Final step in R2R?

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

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

52. Prepaid Income in accounting?

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

54. Owner’s Current Account in business?

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

56. What does working capital measure?

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

58. How is gratuity provision accounted for?

59. The nature of accumulated depreciation is?

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

61. Accounts receivable usually have a(n)?

62. Allowance for Doubtful Accounts is also known as?

63. What Are Capital Expenditures?

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

65. FIFO stands for?

66. Working capital increases with a rise in?

67. Pay during maternity leave in UAE?

68. Final step in O2C process?

69. What is a provision for gratuity?

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

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

72. What does the Consistency Concept ensure?

73. Maternity leave duration in UAE?

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

75. OGS formula?

76. Prepaid expenses are?

77. Which of these is an operating expense?

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

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

80. TDS stands for Tax Deduction _____?

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

82. GRN stand for in accounting?

83. Buyer’s document for purchase return?

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

85. Accrual concept?