ACC501 Business Finance Solved (7) Final Term Papers 

Question No: 2 ( Marks: 1 ) - Please choose one 
Which of the following is the difference between current assets and current liabilities?
Surplus Asset
Short-term Ratio
Working Capital

Question No: 2 ( Marks: 1 ) - Please choose one
Which of the following statement is considered as the summary of the effect of
revenues and expenses over a period of time?
Income Statement
Balance Sheet
Cash Flow Statement
Retained Earning Statement

Question No: 3 ( Marks: 1 ) - Please choose one
If sales revenue was Rs. 100,000 , accounts receivable decreased by R s.4,000, and inventory increased by Rs. 3,000, cash received from customers would be:
Rs. 107,000
Rs. 104,000
Rs. 101,000
Rs. 93,000

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Solved by Muhammad Hasnain Sadiq


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