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

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26:  

Which of the following pairs is not correctly matched?

A.	Accounting equation: Assets = Liabilities + Capital
B.	Accounting year: 1st April to 31st March
C.	Accrual concept: Recognising revenue on receipt of cash
D.	Cost concept: Recognising transactions at historical cost
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

27:  

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

   List-I                                              List-II

a. Leverage Ratio                       I. Short-term solvency

b. Liquidity Ratio                        II. Earning capacity

c. Turn-over Ratio                     III . Relationship of Debt and Equity

d. Profitability Ratio                  IV. Efficiency of Assets Management

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

28:  

Capital employed equals

1. Fixed Assets + Working Capital

2. Long-term debt + Share Capital + Reserves & Surplus - Fictitious Assets - Non-business Assets

3. Tangible Fixed and Intangible Assets + Current Assets - Current liabilities 

Select the correct answer using the codes given below:

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

29:  

Which of the following is a type of responsibility centre?

A.	Cost or Expense Centre
B.	Profit Centre
C.	Investment Centre
D.	All of the above
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

30:  

Amount of premium on issue of shares is decided by the __ as per the guidelines issued by SEBI

A.	Company Law Board
B.	Board of Directors
C.	Registrar of Companies
D.	Shareholders.
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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