Internal exam 1

Who is the father of accounting

• Luca Pacioli

• Henry fayol

• Elton Mayo

• Peter F Drucker

_____________Cost remains constant with changes in volume, while____________ cost fluctuate with volume.

unearned income a/c is

• asset

• liability

• expense

• accrued income

accounting principles are generally based on

• practicability

• subjectivity

• objectivity

Securities premium will appear in the _______side of the Balance Sheet.

• Asset

• Liability

• Assets & Liability

who is considered as the father of modern accounting

• luca friar pacioli

• j.betty

• henry fayol

• gestonburg

Monika purchased a packet of chips from the local grocery shop. The information provided on the bottle was not clear. She fell sick on consuming it. She filed a case in the district forum and got the relief.

i) Identify the important aspect neglected by the marketer in the above case.

Cost of advertising, printing prospectus etc incurred at the time of raising funds is called-----------------

Plans made for a period of one year or less are known as---------

Name the part of brand which can’t be spoken but can be recognized.