Financial and Management Accounting - Financial and Management Accounting MCQ

31:

Acid test ratio should normally be ----

A.	2:1
B.	1:1
C.	1:2
D.	2:2
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

32:

Match List-I (objectives of analysis) with List -II (ratios to be computed) and select the correct answer using the codes given below:

List -I List - II

l. Trading on Equity a. Earning per share

2. Efficiency of inventory control b. Liquidity Ratio

3. Overall Efficiency c. Capital Gearing

4. Immediate solvency d. Stock turnover Ratio

A.	1 - b, 2 - a, 3 - d, 4 - c
B.	1 - c, 2 - d, 3 - a, 4 - b
C.	1 - c, 2 - a, 3 - d, 4 - b
D.	1- b, 2 - d, 3 - a,4 - c
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

33:

Which of the following is a type of budget according to function?

A.	Fixed Budget
B.	Operating Budget
C.	Long term Budget
D.	Flexible Budget
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

34:

In the computation of the debtors turnover ratio accounts receivable includes

A.	Debtors and B/R
B.	Creditors and B/P
C.	Bank overdraft and loan
D.	Debtors and creditors
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

35:

Identify the formula that is used to calculate the capital turnover ratio

A.	Credit sales/ Capital employed
B.	Credit sales/net worth
C.	Net sales/ Average accounts payable
D.	Net sales/Capital employed
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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