Financial and Management Accounting - Financial and Management Accounting Multiple Choice Questions

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51:  

A balance sheet is

A.	Trial balance
B.	Trading account
C.	Position statement
D.	Loss of assets & liabilities
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

52:  

To test the liquidity of a concern which of the following ratios are useful?

A.	Acid test ratio
B.	Capital turnover ratio
C.	Bad Debt to sales ratio
D.	lnventory turnover ratio
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	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

53:  

Budgets can be classified according to

A.	Time
B.	Functions
C.	Flexibility
D.	All of the above
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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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