Correct Answer:
D. Financing activities
Financing activities relate to changes in the size and composition of equity and borrowings.
November 13, 2026 · Accounting and Finance MCQs, Financial Accounting MCQs
Repayment of a long-term bank loan is classified as a cash flow from:
Related MCQs
Stock audit in a government department is intended to:
A.
Verify the physical existence and proper record of stores and stock
B.
Count cash in the treasury
C.
Check payroll only
D.
Verify tax assessments
Correct answer is:
A. Verify the physical existence and proper record of stores and stock
Do you agree with this answer?
Surrender of savings means that:
A.
Funds are spent quickly at year end
B.
Departments keep unspent money for the next year
C.
Unspent funds that will not be needed are returned to the government before the end of the fiscal year
D.
Savings are invested in bonds
Correct answer is:
C. Unspent funds that will not be needed are returned to the government before the end of the fiscal year
Do you agree with this answer?
A contingency fund is:
A.
A fund kept to meet urgent unforeseen expenditure
B.
A fund for planned salaries
C.
A fund for repayment of loans only
D.
A private fund of officers
Correct answer is:
A. A fund kept to meet urgent unforeseen expenditure
Do you agree with this answer?
Propriety audit examines whether expenditure:
A.
Is the lowest in the world
B.
Has been approved by the Prime Minister
C.
Is paid in cash
D.
Is in line with standards of financial rectitude and sound financial principles, even if technically within rules
Correct answer is:
D. Is in line with standards of financial rectitude and sound financial principles, even if technically within rules
Do you agree with this answer?
A Medium Term Budgetary Framework (MTBF) is:
A.
A multi-year (usually three-year) expenditure planning framework
B.
A monthly cash plan
C.
A tax collection target
D.
A foreign loan agreement
Correct answer is:
A. A multi-year (usually three-year) expenditure planning framework
Do you agree with this answer?
Which of the following errors will NOT be disclosed by a trial balance?
A.
Posting a debit entry on the credit side only
B.
Wrong addition of a ledger account
C.
Posting only one side of an entry
D.
Complete omission of a transaction from the books
Correct answer is:
D. Complete omission of a transaction from the books
Do you agree with this answer?
Leave a Reply