Classical

Financial and Management Accounting - Financial and Management Accounting MCQ

16:  
Consider the following information
1. Gross sales Rs. 20,00,000
2. Sales tax 7% on gross sales
3. Income tax 40%
4. Profit before tax 400,000
What is net profit before tax ratio?
A.

21.5%

B.

22.5%

C.

23.5%

D.

24.5%

 
 

Option: A

Explanation :


17:  

ZBB stands for?

A.

Zero Base Budgeting

B.

Zero Basel Budgeting

C.

Zero Bond Budget

D.

None of the above

 
 

Option: A

Explanation :


18:  

The stock turnover ratio is ____ 

A.

Financial ratio

B.

Activity ratio

C.

Solvency ratio

D.

Profitability ratio

 
 

Option: B

Explanation :


19:  

AS-19 deals with

A.

Borrowing Costs

B.

Earning Per share

C.

Leases

D.

Segment Reporting

 
 

Option: C

Explanation :


20:  
The return on investment (ROI) may be calculated as
A.
Net profit before interest, tax and dividend / Capital employed
B.

Net profit after interest, tax and dividend / Shareholder's fund

C.

( Net profit - preference dividend )/ No. of equity shares

D.

Return on Investment / Net profit ratio

 
 

Option: A

Explanation :




Suggest an improvement