81
Which of the following relates with social Accounting :
A)
Environment
B)
Community
C)
Energy
D)
All of the above
Answer & Solution
Answer: Option
D
82
Dependent branch can make
A)
Only cash sales
B)
Only credit sales
C)
Both cash and credit sales
D)
None of the above
Answer & Solution
Answer: Option
C
83
Cash from operations is equal to:
A)
Net profit + increase in current assets
B)
Net profit + decrease in current liabilities
C)
Profit from operation ± Adjustment of increase and decrease in current assets and liabilities
D)
Fund from operation ± Adjustment of increase and decrease in current assets and current liabilities
Answer & Solution
Answer: Option
C
84
The amount of share premium can be used wholly or partly for writing off:
A)
goodwill
B)
preliminary expenses
C)
deferred revenue expenses
D)
all of the above
Answer & Solution
Answer: Option
B
85
Which one of the following transactions will not affect the current ratio:
A)
Credit purchase of goods
B)
Cash sale of an old motor car
C)
Issue of equity shares in lieu of some machinery
D)
Cash purchase of a machine
Answer & Solution
Answer: Option
C
86
If profit is equal to 25% of cost then sales would be
A)
10%
B)
20%
C)
25%
D)
$$33\frac{1}{3}\% $$
Answer & Solution
Answer: Option
B
87
Match
List-I with
List-II and select your answer:
List-I List-II
a. Surrender Value
1. Stock
b. Insanity of shareholder
2. Insurance policy
c. Share warrant
3. Transmission of shares
d. Fully paid-shares
4. Negotiable instrument
A)
a-1, b-2, c-3, d-4
B)
a-4, b-2, c-3, d-1
C)
a-2, b-3, c-4, d-1
D)
a-4, b-2, c-1, d-3
Answer & Solution
Answer: Option
C
88
The most suitable coverage ratio for deciding the debt capacity of a firm is
A)
Interest Coverage Ratio
B)
Cash Flow Coverage Ratio
C)
Debt Service Coverage Ratio
D)
Fixed Assets Coverage Ratio
Answer & Solution
Answer: Option
B
89
Profit distributed in the mid of the year will be shown in
A)
Profit and loss account
B)
Profit and loss adjustment account
C)
Asset side of balance sheet
D)
Liabilities side of balance sheet
Answer & Solution
Answer: Option
B
90
The company's nationality is decidedby its
A)
shareholders
B)
registered office
C)
place at books of accounts are kept
D)
none of the above
Answer & Solution
Answer: Option
B
