Accounting MCQ Questions and Solutions with Explanations | Commerce
Accounting MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Accounting MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-6 section-28
The following figures are taken from a balance sheet:
Equity share capital = Rs. 1,10,000
6% preference share capital = Rs. 30,000
General reserve = Rs. 50,000
Reserve for contingencies = Rs. 20,000
6% mortgage debentures = Rs. 50,000
Sundry creditors = Rs. 20,000
Preliminary expenses = Rs. 5,000
Prepaid expenses = Rs. 4,000
In this case, the debt equity ratio is:
A business concern provides the following details-
Cost of goods sold = Rs. 1,50,000
Sales = Rs. 2,00,000
Opening stock = Rs. 60,000
Closing stock = Rs. 40,000
Debtors = Rs. 45,000
Creditors = Rs. 50,000
The concerns, purchses would amount to (in Rs.):
