What is a secondary book of accounts, the information of which is obtained from the journal is called ?

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What is the type of annuity where the payments are made at the end of each period starting from the first period ?

A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity...

Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?

A. Homogeneous product B. Free market entry and exit C. Perfect information and absence of all economic friction D. All of the above...

A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?

A. 3.67 % B. 4.00 % C. 4.15 % D. 4.25 %...

The declining balance method is also known as ____________________?

A. Double percentage method B. Constant percentage method C. Modified sinking fund method D. Modified SYD method...

What is a measure of the average speed with which accounts receivable are collected ?

A. Current ratio B. Quick ratio C. Acid test ratio D. Receivable turnover...