Telegram group: T.me/BBCNOUN
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ACC311
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1. The following is not one of the advantages of cash flow statement

	--->> Statement of financial position

	      It provides a better platform to compare the result of different companies

	      Journal of a company depends on its ability to generate cash

	      Forecasts can be monitored using variance statement which companies actual cash flow against the forecast

2. The following is not an objective of financial statement

	      Know the earning potentials of an enterprise

	--->> Providing financial independence

	      Changes in noteworthy

	      To be provided with reliable facts & figures about economic resources and also the obligations that an enterprise has to undertake.

3. The benefit of bond is that

	      The coupon/interest income from the saving bond are tax free

	      It discourages financial inclusion

	--->> It offers guaranteed returns

	      none of the options

4. The following is not one of the contents of memorandum of association

	      The name of the company, followed by the word ‘limited’.

	      The domicile of the company (i.e where its registered office is situated)

	      The object of the company

	--->> The staff strength

5. A document containing the dos and don’ts of partnership business is called

	      Partnership Agreement

	--->> Partnership Deed

	      Partnership Association

	      none of the options

6. The following is not one of the prices of shares

	--->> Open prices

	      Nominal price

	      Premium Price

	      Discount Price

7. Equity financing means

	      Money borrowed on fair (equity) basis

	      Borrowed money that is paid back as interest

	      Project financed equitably

	--->> Money that stays in the business as ownership interest

8. The following is not a type of preference share

	      Cumulative preference share

	      Participating preference shares

	--->> Dividend preference share

	      Redeemable preference shares

9. Capital gains tax means

	      Taxes on debentures

	      Taxes on dividends

	      Taxes on indirect goods

	--->> All gains accruing to a taxpayer from the sale or lease or other transfers

10. V.A.T means

	      Various Advertisement Techniques

	      Value added transaction

	--->> Value added tax

	      Value and Treasury