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Goodwill MCQ – Basics of Goodwill
MCQ Quiz – Practice Questions MCQ Quiz Question 1 What does "Goodwill" primarily mean? The physical assets of a business. A good opinion about someone or something. The total sales revenue of a company. The amount of cash a business has. B Correct Answer: A good opinion about someone or something. Goodwill is defined as
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MCQ on Past Adjustments
MCQ Quiz – Practice Questions Past Adjustments MCQ Question 1 What is the primary purpose of Past Adjustments in accounting? To record new transactions. To correct incorrect transactions previously recorded in the books of accounts. To forecast future profits. To prepare financial statements for the current period. B Correct Answer: To correct incorrect transactions previously
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Test Quiz
MCQ Quiz – Practice Questions MCQ Quiz Question 1 In dissolution, what is the primary action regarding the firm's assets? Revaluation Transfer to a new entity Sale Donation C Correct Answer: Sale Question 2 What happens to the business during dissolution? It continues operating as usual It merges with another firm It is closed It
MCQ Quiz on Dissolution
MCQ Quiz – Practice Questions MCQ Quiz Question 1 In dissolution, what is the primary action regarding the firm's assets? Revaluation Transfer to a new entity Sale Donation C Correct Answer: Sale Question 2 What happens to the business during dissolution? It continues operating as usual It merges with another firm It is closed It
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Functions of Central Bank of a Country
The central bank of a country is the institution that is responsible for managing the money supply, interest rates, and financial stability of the economy. The central bank of India is the Reserve Bank of India (RBI), which was established in 1935. The RBI performs various functions to achieve its objectives of economic growth, price
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