Classical

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

51:  

A balance sheet is

A.

Trial balance

B.

Trading account

C.

Position statement

D.

Loss of assets & liabilities

 
 

Option: C

Explanation :


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

 
 

Option: A

Explanation :


53:  

Budgets can be classified according to

A.

Time

B.

Functions

C.

Flexibility

D.

All of the above

 
 

Option: D

Explanation :




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