62. The following are the uses of journal proper except:
10. ------------ is an accounting concept?
31. Depreciation is an example of which accounting concept?
12. What does ‘Owner’s Equity’ means?
58. How does budgeting impact decision-making in community health?
40. Under the accrual basis of accounting, when is revenue recognised?
21. The following items are found on the left hand side of the Balance sheet except:
64. The following factors are usually taken into consideration in establishing the stock level except the:
25. In inventory control, ------------ is not a step in effective control procedure:
30. Which accounting principle states that expenses should be recognized in the same period as the related revenues?
34. Which of the following is NOT a component of a double entry accounting system:
50. What is budgeting in community health?
67. Budgeting allocation of money simply means:
9. The purpose of the Trial Balance is to:
27. Which financial statement provides a snapshot of an organisation’s financial position at a specific point in time:
66. The following are methods adopted in stock taking except:
8. Sales Day Book is used to record ------------ transactions?
14. The difference between income and expenses is known as ------------
65. The acronym “FIFO” represents ------------ in stock management:
48. Which accounting concept dictates that each transaction should be recorded with at least one debit and one credit?
36. Which principle requires that financial information should be verifiable and accurate?
51. What is the primary goal of budgeting in community health?
59. In community health budgeting what is the purpose of a “need assessment”?
46. Which of the following is a current asset?
45. The process of allocating the cost of a long term asset over its useful life is known as:
49. The process of dividing expenses between multiple accounting periods is called:
2. The followings are examples of invisible money except:
38. The principle of “conservatism” in accounting suggests that:
7. Government accounting is governed by the:
6. Ledger is the ------------ book of account:
18. There are basically ------------ types of money?
32. Which financial statement provides a summary of an organization’s revenues and expenses over a specific period?
15. Journal used to record purchases of goods on credit on account is known as ------------
11. ------------ is a Journal as well as an account:
4. Three motives why individuals and firms hold money are:
19. The difference between single column cash book and double column cash book is ------------
13. ------------ is another name for Subsidiary Books?
54. What is an operating budget in community health?
39. The difference between total assets and total liabilities is known as:
29. A record of a financial transaction involving the receipt of cash is known as:
60. The value of money can be referred to the:
56. What does the term “cost benefit analysis” refer to in community health budgeting?
68. Capital as used in balance sheet simply means:
22. The purpose of the Trading Account is to determine:
37. If a company pays its rent for the next six months in advance, which account is debited?
24. The following are examples of current assets except:
57. Why is monitoring and evaluation important in community health budgeting?
70. The following are books of original entries except:
69. The following are effects of improper budgeting in PHC organisation except:
63. Accounts are generally classified into:
53. What role does community involvement play in the budgeting process for community health?
43. Which financial statement provides information about the sources and uses of cash during a specific period?
17. ------------ is a system where separate cash book is maintained for small payments
16. Double entry accounting principle states that, ‘debit the ------------‘
3. The following are characteristics of a good money except:
26. What is the primary purpose of accounting system in community health?
44. The accounting equation is best represented as:
61. The following are the reasons for subsidiary books except:
33. The process of transferring journal entries to the ledger is known as:
47. When a customer returns a product and received a refund, which account is typically debited?
5. The following are causes of increase in the supply of money except:
28. Which of the following best defines an accounting system in community health?
55. What is a capital budget in community health?
1. The full meaning of the acronym ‘GAAP’ in accounting is:
42. Which accounting concept assumes that an organization will continue to operate indefinitely?
35. When a community health organisation receives a grant for a specific programme, which account is typically credited?
20. All Assets are recorded on the ------------ side of the Trial Balance:
41. Which of the following is a long-term liability?
23. ------------ is the calculation of Net Profit in the Profit and Loss Account:
52. Which of the following is NOT a step in the budgeting process for community health?
