Sample Questions for
Comprehensive Viva 1-2,
Q. What is Business?
Q. Who is consumer?
Q. What is market?
Q. What are
different forms of Business?
Q. What is
Marketing?
Q. What is interest
rate or discount rate?
Q. What is central
bank? What are its functions?
Q. What is
Accounting?
Q. What is
Transaction?
Q. What is GAAP?
Q. What is the Basic
Accounting equation?
Q. Define terms Asset, Liabilities, Owner’s equity, Investment, Revenues,
Drawing, and Expense.
Q. Define four
Financial Statement?
1.
Income
statement
2.
Owner’s
equity statement
3.
Balance
Sheet
4.
Cash
flow Statement
Q. What is Double
Entity System?
Q. Indicates the
Debit and Credit procedure i. Assets
ii. Liabilities: iii. Owner’s
equity: iv. Revenue: v. Expense: vi. Drawing:
Q. What is Book
value?
Q. What is
Depreciation?
Q. Define term
current asset, current liabilities
Q. What is Gross
profit?
¨ Inventory turnover
¨ Costs of goods sold
Receivable
Accounts Receivable (A/R)
¨ Note Receivable (N/R)
¨ Goodwill
¨ Preferred Stock
¨ Bonds
¨ Face Value
………………………………………………………………………………………………
¨Bank
¨Commercial Bank
¨Function of
Commercial Bank:
I) Fixed Deposit
II) Current Deposit
III) Saving Bank Deposit
¨Central Bank
¨Instrument of
Credit Control
¨Cheque
Q. What is the main
function of: Kidney, heart, Lever, Red Bood cell, White blood cell, artery,
vein, lung.
Q. Define speed,
acceleration, power, Newton’s Law,
Q. What is annuity,
sinking fund, amordization, intersaction of sets, union of sets, calculus
Q. Differentiate in
respect of x7, x, log x, ex
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