accounting questions

(1) Double entry book-keeping was fathered by:

•  F.W.Taylor 
•  Henry Fayol 
•  (Lucas Pacioli.)

(2) Funds Flow Statement and sources and application statement are:’

•  (Synonymous) 
•  Antagonistic 
•  None of these.

(3) Depreciation in spirit is similar to:

•  Depletion 
•  (Amortization) 
•  Depression.
• 
  

4) Balance Sheet is always prepared:

•  for the year ended. 
•  (As on a specified date.) 
•  None of these.

(5) In Insurance, the following Profit and Loss Accounts are prepared:

•  Separate for Fire, Marine, and Accidents etc.
•  (Consolidated for Fire, Marine, and Accidents etc.)
•  None of these.