PRSU-PGEE (Pt. Ravishankar Shukla University, Raipur) Practice Quiz

Question 1

Under the double-entry accounting system, an increase in an expense account is recorded as a:

Accepted Answer

debit

Question 2

The statement that reconciles the cash book balance with the bank passbook balance is called the:

Accepted Answer

bank reconciliation statement

Question 3

Chhattisgarh’s economy relies significantly on industries built around its mineral wealth, particularly:

Accepted Answer

steel and power generation

Question 4

The management function concerned with motivating and guiding employees to achieve organisational goals is called:

Accepted Answer

directing

Question 5

A company’s solvency, i.e., its ability to meet long-term obligations, is best indicated by the:

Accepted Answer

debt-equity ratio