Question : ---------------may be expressed as an arithmetical relationship between two accounting variables.
Option 1: Ratio
Option 2: Accounting ratio
Option 3: Ratio Analysis
Option 4: None of the above
Correct Answer: Accounting ratio
Solution : Answer = Accounting ratio
The accounting ratio may be expressed as an arithmetical relationship between two accounting variables. The term accounting ratio is used to describe significant relationships which exist between figures shown in a Balance Sheet, in a Statement of Profit and Loss, in a budgetary control system. Hence, the correct option is 2.
Question : Under computerized accounting, hardware refers to
Option 1:
A logical sequence of actions to perform a task
Option 2: The raw fact (as input) for any business application
Option 3: Computer, associated peripherals, and their network
Option 4: User
Question : Under computerised accounting, data means
Option 1: System software and application software
Option 2: A logical sequence of actions to perform a task
Option 3: The raw fact (as input) for any business application
Option 4: Computer, associated peripherals, and their network
Question : The principles of management are:
Option 1: Fixed and unchangeable
Option 2: Universal and flexible
Option 3: Specific to each organization
Option 4: Derived from accounting principles
Question :
Option 1: Security breach
Option 2: Staff opposition
Option 3: Automated document production
Option 4: Cost of training
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