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Accounting Quiz 1 (25 MCQs)

Quiz Instructions:

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1. Cost of inventories includes

2. All capital expenditures and receipts are taken to

3. Which of the following profits are capital profits?

4. Stock is valued in the books of accounts at

5. According to which of the following the firms market value is not affected by capital market.

6. Receipts and payments account of non-trading concerns is a

7. If cost of goods sold is Rs. 100,000, other; operating expenses are Rs. 20,000 and total net sales are Rs. 150,000 the operating ratio will be equal to _____

8. The largest volume of foreign exchange trading takes place in

9. A _____ is a regional trading bloc in which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not members

10. Capital Budgeting Decisions are based on

11. Which one of the following ratio is the indicator of the long term solvency of the firm?

12. Dividend Payout Ratio is

13. Scruting of financial transactions is called

14. Which exchange rate system does not require monetary reserves for official exchange rate intervention

15. Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement?

16. How will the increase in volatility in asset price affect the value of the option?

17. As per SEBI's guidelines underwriting is

18. Given, Ke = (DPS / MP) X 100, may be used in

19. The Financial Management is responsible for the

20. Which of the following provisions held for various assets should be transferred to the realisation account upon dissolution of the firm?

21. All information which is of material interest to _____ should be disclosed in accounting statements.

22. Which of the following is not deferred revenue expenditure?

23. Revenue is generally recognised as being earned at that point of time when

24. The conflicts in project ranking in capital budgeting as per NPV and IRR may arise because of

25. As per AS - 2, inventory is to be valued at

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Accounting Quiz 1 (25 MCQs)

Quiz Instructions:

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