Financial and Management Accounting - Financial and Management Accounting Objective Type Questions

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11:  

Proprietary ratio indicates the relationship between proprietor's funds and __ .

A.	Reserve
B.	Total assets
C.	Share capital
D.	Debentures
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

12:  

For the purpose of analysing change in financial position, enterprises prepare

A.	Balance Sheet and Profit & Loss A/ c
B.	Cash flow statement and Funds flow statement
C.	Statement of cash from operations and Balance Sheet
D.	Statement of changes in working capital and Statement of cash from operations.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

13:  

Ratios may be classified as

1 Profitability ratios

2. Coverage ratios

3. Turnover ratios

4. Financial ratios

5. Leverage ratios

Select the correct answer using the codes given below:

A.	1,3 and 4
B.	1,2,3 and 4
C.	1,3,4 and 5
D.	1,2,3,4 and 5
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

14:  

Legal cost incurred in case of disputed land and building is classified as

A.	Operating activity
B.	Investing activity
C.	Financing activity
D.	All of the above
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

15:  

Match List-I with List-II and select the correct answer using the codes given below the lists:

List-I (Transactions)                                        List-II (Impact on current ratio)

a. Goods sold at profit                                     I. Improvement

b. Creditors paid                                              II. Deterioration

c. Debts realised                                            III. No change

d . Materials purchased on credit.

A.	a    b    c    d I     III    II   II
B.	a    b    c    d II     III    I   II
C.	a    b    c    d I     I     III   II
D.	a    b    c    d II     I    III   III
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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