Account of Family and Self Employment Initiative

From the perspective of accounting, a family is considered:

A family accounting system is primarily required to:

Family is described as the destination of:

Without maintaining family income and expenditure account, family life becomes:

A family is different from a business organisation because it is a:

The financial result of a family at the end of a period is expressed as:

Maintaining a family budget within the limit of income helps a family to:

Which is a characteristic of family accounting?

In family accounting, each member is treated separately from the head under the assumption of:

Family accounts do not require:

Most family transactions take place in:

"Specific head" as a feature of family accounting means:

The question of profit and loss does not arise in a family because:

Most of the family transactions occur:

Which is a necessity of family accounting?

The principle "Expenditure within income" relates to:

Keeping family accounts properly increases:

Transparency in family accounts helps create:

Systematic family accounting helps to maintain:

Which one helps reduce disputes between head and other members of the family?

Which of the following are necessities of family accounting?

A family budget is essentially a:

A family budget can be prepared for:

A family budget is prepared based on:

Budgeting keeps the family within a financial framework where:

Family budget mainly considers:

The first step in preparing a family budget is:

After listing materials, the next step is:

To make a budget effective, sources of income should be:

Maintaining balance in a family budget means:

A practical and rational family budget should be:

If one expense rises in a flexible family budget, balance is restored by:

Steps for preparing a family budget include:

A standard family budget cannot be the same for every family because of differences in:

Sector-wise allocation of family expenses depends on:

According to the chapter's example, approximate share of food expenses is:

According to the example, housing expense is approximately:

Approximate share of clothing expense is:

Approximate share of education expense is:

Approximate share of transportation expense is:

In the pro-forma family budget, salary income is shown under:

In the sample family budget, food items combined with kitchen items total approximately:

In the sample family budget, percentage of housing expense is:

In the sample family budget, percentage of food expense is:

Tuition fees, books and payment for private tutors are grouped under:

Provident Fund and DPS in the family budget belong to:

House rent in the sample family budget is:

Total income in the sample monthly family budget is:

A family financial statement is prepared in how many steps?

The first step of family financial statement is:

Stages of family financial statement include:

Scattered records of family transactions are summarised through:

Receipts and Payments Account looks like a:

In a Receipts and Payments Account, cash receipts are shown on the:

Cash payments in a Receipts and Payments Account are shown on the:

Capital and revenue incomes received in cash are shown on the ___ of Receipts and Payments Account:

Capital and revenue cash expenses are shown on the ___ of Receipts and Payments Account:

Recorded items in a Receipts and Payments Account include:

The left side of a Receipts and Payments Account always starts with:

Receipts and Payments Account ends on the right side with:

The total of the left side of Receipts and Payments Account is always:

Cash flows of a family can be known from the:

Which transaction is NOT shown in a Receipts and Payments Account?

In Receipts and Payments Account, period of the transaction:

Outstanding income or expense of current year is:

Receipts and Payments Account is the ___ step of family accounting:

A family income and expenditure statement includes:

Excess of income over expenditure in a family is called:

Excess of expenditure over income in a family is called:

Which of the following are NOT shown in Statement of Income and Expenditure?

Income receivables and outstanding expenses of current year are:

Depreciation is shown on the ___ side of Statement of Income and Expenditure:

Sale or purchase of assets in family accounting is:

Which is a revenue nature family expense?

Which of the following is treated as revenue expenditure of family?

Surplus increases the:

Deficit results in:

Income relating to next year, received in current year, is:

Statement of Financial Position shows:

Family fund of a family is computed as:

Family fund is shown on the ___ side of Statement of Financial Position:

Capital nature income of Receipts and Payments Account is shown in:

Capital nature expenditure of Receipts and Payments Account is shown in:

Closing cash and bank balances are shown on the ___ of Statement of Financial Position:

Depreciation is treated by:

Unearned income in family accounting appears on the:

Prepaid expenses are shown on the:

Surplus of income over expenditure is:

Deficit of income is:

Opening cash and bank balances of Receipts and Payments Account are used in Statement of Financial Position to:

A family does not have any opening capital because it is:

Items used in calculating family fund are:

Mrs. Rubina's annual salary is:

Annual house rent paid by Mrs. Rubina is:

Mrs. Rubina's total income for the year is:

Surplus of income over expenditure of Mrs. Rubina's family is:

Mrs. Rubina's opening family fund is calculated as:

In Mrs. Rubina's accounts, dining table purchase of Tk. 42,000 is treated as:

Computer & Printer purchase Tk. 76,000 is shown in Mrs. Rubina's:

In Mrs. Rubina's case, Gas & Water bill due Tk. 24,000 is treated as:

Total assets of Mrs. Rubina's family at year end are:

Income tax paid by Mrs. Rubina is treated as:

Deposit to DPS in Mrs. Rubina's case is:

Mr. Osman Gani's opening family fund is:

Mr. Osman Gani's total income is:

Mr. Osman Gani's total revenue expenditure is:

Surplus of income over expenditure of Mr. Osman Gani is:

Computer purchase Tk. 50,000 in Mr. Osman Gani's accounts is treated as:

House building loan Tk. 15,00,000 of Mr. Osman Gani is shown as:

Interest on house building loan Tk. 10,000 is:

Sale of old newspaper Tk. 2,000 is:

Total assets of Mr. Osman Gani's family are:

Closing family fund of Mr. Osman Gani (after surplus) is:

Post office saving bank deposit Tk. 48,000 is shown on Mr. Osman Gani's:

Mr. Abdul Aziz's opening family fund equals:

Mr. Abdul Aziz's opening assets (including cash and bank) total to:

Mr. Abdul Aziz's opening loan Tk. 2,00,000 is treated as:

Mr. Abdul Aziz's opening family fund is:

Salary Tk. 7,000 due for current year in Mr. Abdul Aziz's case is:

Driver salary due Tk. 2,400 is treated as:

Investment on share Tk. 1,00,000 in Mr. Abdul Aziz's case is:

Self-employment enterprise contributes to development of:

Which is an example of a self-employment project?

Success of a self-employment project depends on:

Total investment in the Rui fish culture project is:

Bank loan of the fishing project is:

Rate of interest on bank loan in the fishing project is:

Total capital investment of the fishing project is:

Yearly leasing cost of pond in the fishing project is:

Pond renovation cost is:

Cost of fish species in the project is:

Number of fish species purchased in the project is:

Total food cost for fishes (oil cake + packing food) is:

Total dung application cost (compost + urea + TSP) is:

Wages for gourd, food supply, dunging and weed cleaning is:

Total expenditure for fish collection (water removal + fisherman + miscellaneous) is:

Total operating cost of the fishing project is:

Total income from sale of fish (3,000 KG @ Tk. 150) is:

Interest on bank loan for the fishing project is:

Net profit of the fishing project is:

Contingencies expenditure of the fishing project totals:

Total investment of duck-chicken project is:

Own capital in duck-chicken project is:

Bank loan of the duck-chicken project is:

Rate of interest on bank loan in the duck-chicken project is:

Total capital investment in duck-chicken project is:

Total feeding/operating cost (yearly) of the duck-chicken project is:

Total cost for ducks (yearly) is:

Total cost for chickens (yearly) is:

Total income from duck (eggs + duck sales) is:

Total income from chicken (eggs + chicken sales) is:

Sale of duck and chicken houses at year-end is:

Total income of duck-chicken project is:

Interest on bank loan in duck-chicken project is:

Net profit of duck-chicken project is:

Total deduction from income (cost + feeding + interest) in duck-chicken project is:

Family fund of a family is similar in nature to:

Which is NOT considered a family asset?

Outstanding expense of a family is shown as:

Which is true about a family financial statement?

Which item belongs to the income side of Statement of Income and Expenditure?

The matching of income and expenditure of the same period in family accounting follows the principle of:

In family budget preparation, equilibrium between income and expenditure ensures:

Which of the following best describes "Suitability of budget"?