Question :

Depreciation is a __________.

Option 1:

Cash expenditure

Option 2:

Cash operating expense

Option 3:

Non- cash non-operating expense

Option 4:

Non-cash operating expense

Question :

Which of the following statements states the difference between a cash flow statement and a cash budget?

Option 1:

The cash flow statement shows the movement of cash whereas the cash budget shows no cash movement

Option 2:

The cash flow statement is a part of the cash budget

Option 3:

Both 1 & 2

Option 4:

The cash flow statement shows the cash movement of the historical period whereas the cash budget shows the cash movement of the future period

Question : What will be the effect on inferior commodities when the income of the consumers rises?

Option 1: Negative effect

Option 2: Positive effect 

Option 3: No effect

Option 4: First increase then decrease 

Question :

Incomes/expenses that arise from transactions that are clearly different from the ordinary business activities and therefore are not expected to incur frequently are called:- 

Option 1:

Prior period items

Option 2:

Extraordinary items

Option 3:

Abnormal items

Option 4:

Non-ordinary items

Question :

In these questions some of the sentences have errors and some have none. Find out which part of a sentence has an error and indicate it corresponding to the appropriate option. If there is no error, indicate corresponding to the last option

Indians are accustomed to (1) / eating pickle (2) / with their meals (3) / No error (4)

Option 1: Indians are accustomed to

Option 2: eating pickle

Option 3: with their meals

Option 4: No error