Business Administration (M.Sc)

Q: Book-keeping is mainly concerned with?

(a) :  Recording of a financial data relating to business transactions
(b) :  Designing the systems in recording, classifying, summarizing the recorded data
(c) :  Interpreting the data for internal and external users
(d) :  All of these
(e) :  none
Answer:  Recording of a financial data relating to business transactions
Explanation:  

Q: A balance sheet is prepared to find out financial position of a firm?

(a) :  For a specified period
(b) :  On a particular date
(c) :  At the time of sale of business
(d) :  All of these
(e) :  none
Answer:  On a particular date
Explanation:  

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