Question: In which of the following jointly - owned organizations does each member retain his/her identity?
Answer: Joint venture business

Question: The consignment account is prepared to show the following exceptâ€|â€!â€!â€!â€|.
Answer: Profit or loss

Question: A long-term relationship between two or more people who come together to execute a specific business with the aim of making profit is â€|â€!â€!â€!â€|â€!
Answer: Partnership business

Question: Another name for a consignor is â€|â€!â€!â€|â€!..
Answer: Principal

Question: The end result of the manufacturing accounting process is
Answer: Cost of goods produced for the period

Question: â€!â€|â€!â€|..is the cash or its equivalent received by a non-trading organization following the will of a deceased donor.
Answer: Legacies

Question: Which of the following is not a feature of a Bill of Exchange?
Answer: It is subject to certain conditions

Question: Expenses paid for while the service is yet to be rendered to the organization is known asâ€|â€!â€!â€!â€!â€!â€|â€!.
Answer: Prepayment

Question: The options available to a holder of a Bill include the following except:
Answer: All of the above

Question: The following are non-profit making organizations exceptâ€!â€|â€|â€!..
Answer: A restaurant business