41. If sales is Rs. 8,00,000, cost of sales is Rs. 4,80,000 and indirect expenses is Rs. 1,20,000, then the net profit ratio will be:
42. For the purpose of final accounts, stock is normally valued according to:
43. X, Y and Z are equal partners with fixed capitals of Rs. 5,00,000, Rs. 3,00,000 and Rs. 1,00,000, respectively. After closing the accounts for the year ending 31st March 2019, it was discovered that the interest on capitals was provided @ 6% per annum instead of 5% per annum. In the adjusting entry
44. Total Assets Turnover = 4
Net profit = 10%
Total assets = Rs. 50,000
The amount of Net profit would be:
Net profit = 10%
Total assets = Rs. 50,000
The amount of Net profit would be:
45. When Partnership Act was passed?
46. Given,
Current ratio = Rs. 2.5
Quick ratio = Rs. 2.5
Net working capital = Rs. 30,000
The amount of current liabilities will be
Current ratio = Rs. 2.5
Quick ratio = Rs. 2.5
Net working capital = Rs. 30,000
The amount of current liabilities will be
47. The expense incurred for increasing the productive capacity of business is called as
48. Ashoka Ltd.purchased a machine from Tata & Sons for Rs. 1,50,000. This is
49. Permanent working capital is generally financed through
50. Arrange the following items in the order of their appearance in the preparation of financial statements.
1. Net profit
2. Gross profit
3. Cash at bank
1. Net profit
2. Gross profit
3. Cash at bank
Read More Section(Accounting)
Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 5
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 24
- Accounting - Section 25