Question 1
Which of the following transactions results in an increase in total assets and an equal increase in total liabilities in the accounting equation?
Correct Answer:
Purchasing merchandise inventory on credit (on account)
Question 2
A consulting firm provides services worth 25,000 BDT in December 2025 but does not bill or receive payment from the client until January 2026. What adjusting entry is required on December 31, 2025 under the accrual basis of accounting?
Correct Answer:
Debit Accounts Receivable 25,000 BDT and Credit Service Revenue 25,000 BDT
Question 3
A delivery van was purchased for 550,000 BDT with an estimated useful life of 5 years and an estimated residual (salvage) value of 50,000 BDT. Using the straight-line depreciation method, what is the annual depreciation expense?
Correct Answer:
100,000 BDT
Question 4
In a bank reconciliation statement prepared by a business starting from the balance per bank statement, how should outstanding cheques (cheques issued to suppliers but not yet presented to the bank for payment) be treated?
Correct Answer:
Deducted from the balance as per bank statement
Question 5
Which of the following accounts is classified as a temporary (nominal) account and must be closed at the end of the accounting period?
Correct Answer:
Sales Revenue
Question 1
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Prepare with the DU Business Studies Unit (Ga Unit) Practice Questions - University of Dhaka Business Studies Unit Admission Test (DU Ga C Unit) Exam practice quiz. This question bank includes 100 questions covering company, capital, bank, accounting, and balance. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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DU Business Studies Unit (Ga Unit) Practice Questions - University of Dhaka Business Studies Unit Admission Test (DU Ga C Unit) Exam

This practice set contains 100 questions from the matching question bank and focuses on company, capital, bank, accounting, and balance. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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