Pick the answers of the following questions :

(i) Financial statements don't include
a. Cash flows
b. Foot notes
C. Ratio Analysis

(ii) Which is the best favourable audit opinion?
a. Unqualified
b. Qualified
C. Adverse

(iii) What would the journal entry for cash purchase of office supplies for BDT 5,000?
_________office supplies ________ cash.
a. Debit, Credit
b. Credit, Debit
C. Debit, Debit

(iv) Selling an unused fixed asset is what type of business activity?
a. Operating
b. Investing
c. Financing

(v) If income, expense and other comprehensive income of a company is BDT 10,7 and 1 crore respectively; net income (in crore BDT) is-
a. 10
b. 3
C. 4

(vi) A fundamental principle of accrual accounting is that revenue is recognized when it is ______
a. earned
b. billed
C. collected

(vii) Owners equity and assets of a company is BDT 10 and 13 crores respectively. External liability (in crore BDT) of the company is-
a. 3
b. 10
C. 13

(viii) Current liquidity and current ratio of a company is BDT 2 crore and 1-5. Current asset (in crore BDT) of the company is-
a. 1.5
b. 2
C. 3

(ix) Average equity and return on equity of a company is BDT 5 crore and 0-20 respectively. Net income (in crore BDT) is
a. 0.20
b. 1
C. 2.5

(x) What does the acronym "IFRS" stand for?
a. International Financial Reporting System.
b. International Financial Reporting standards.
C. International Financial Regulation Standards.