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MCQs: Which of the following is not included in current assets?
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MCQs: Higher the ratio, the more favorable it is, doesn’t stand true for
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MCQs: The most precise test of liquidity is
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MCQs: Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.
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MCQs: Collection of debtors
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MCQs: Provision of taxation is treated as
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MCQs: As per accounting standard AS3, provision for taxation should be treated as
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MCQs: Which of the following statement is true?
A) If the amount of good will increases during current year, the difference is treated as purchase of goodwill.
B) If the amount of good will decreases during current year, It will treated as written off.
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MCQs: The opening and closing balance of general reserves are Rs 10,000 and Rs 9,000, respectively. It is stated in addition information that a loss of Rs 1000 has been written off in general reserves. In such a case, decline in reserve and loss on investment will be adjusted in P&L account.
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MCQs: Which of the following statements are false?
A) Old Furniture written off doesn’t affect cash flow.
B) Cash flow statement is a substitute for cash account.
C) Appropriation of retained earnings is not shown in Cash flow statement.
D) Net cash flow during a period can never be negative.
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MCQs: Which of the following is not a cash inflow?
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MCQs: Which of the following is not a cash outflow?
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MCQs: While preparing Marginal cost and Contribution Statement, if any factor of production is key factor then ________ should be expressed in terms of per unit of Key factor.
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MCQs: Which of the following principles should be followed while making a decision to drop a product/line?
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MCQs: Rahul has an amount of Rs 3,00,000 which is invested in a business. He desires 15% return on his fund. It is known from the past cost data analysis that fixed costs are Rs 1,50,000 per annum and variable costs of operation are 60% of sales. Determine sales volume to get 15% return. Also tell shut down point of the business, if he would spend Rs 50,000 even if business has to be closed.
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MCQs: A facility, the installed capacity of which is 1,00,000 units, has budgeted 70% level of activity as Materials Rs 1,05,000, Wages Rs 1,40,000 Variable overheads Rs 70,000 and Fixed overheads Rs 20,000. Production is now proposed at 80,000 units. Determine Marginal cost p.u., Differential cost, and Differential cost p.u.
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MCQs: As per Cash flow method Increase in current liabilities and decrease in current assets are
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MCQs: In cash flow method for preparing cash budget, payment of dividends and prepaid payments are
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MCQs: Cash budget deals with historical data whereas Cash Flow Statement deals with future data.
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MCQs: Variable overhead variance is represented by expenditure variance only.
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