Which device converts AC to DC?
ATransformer
BRectifier
CInverter
DGenerator
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Archives: MCQs
What is the unit of electrical resistance?
AAmpere
BVolt
COhm
DWatt
What is Ohm’s Law?
AV = I/R
BV = IR
CV = I + R
DV = R/I
What is the purpose of an audit?
ATo increase sales
BTo independently verify financial records
CTo set salaries
DTo design marketing campaigns
What does “accounts payable” represent?
AMoney owed to the business
BMoney the business owes to suppliers
CCash in hand
DRetained earnings
What is “double-entry bookkeeping”?
ARecording each transaction once
BRecording each transaction in two accounts
CRecording only cash transactions
DRecording only credit transactions
Which method of depreciation charges equal amounts each year?
AStraight-line method
BReducing balance method
CUnits of production
DSum-of-years digits
What is a “liability”?
ASomething a business owns
BSomething a business owes
CRevenue earned
DAn expense only
What is a “trial balance” used for?
AFiling taxes
BChecking arithmetic accuracy of ledger accounts
CRecording sales
DPaying employees
Depreciation is charged on which type of asset?
ACurrent assets
BFixed assets
CLiquid assets
DIntangible assets only