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Accounting Quiz 11 (25 MCQs)

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1. Which is a capital expenditure?
2. The fundamental accounting equation' Assets = Liabilities + Capital' is the formal expression of
3. EBIT /Total Assets Ratio is
4. Redeemable preference shares is _____
5. Capital budgeting means
6. Accounting Standard Board was set up by
7. Amount of premium on issue of shares is decided by the _____ as per the guidelines issued by SEBI
8. Which method of capital budgeting is known as 'Accounting Rate of Return Method'?
9. A company can buy-back its own shares out of
10. The current ratio of a company is 2 : 1. Which of the following suggestions would reduce it?
11. Payback reciprocal method of ranking investment proposals should be used only when
12. Identify the item that is not taken into account in computing the current ratio
13. Which of the following accounting standards is not mandatory in India?
14. Consider the following statement: A low inventory turnover may be the result of
15. What is the advantage of 'NPV Method'?
16. Investors engage in _____ when they move funds into foreign currencies in order to take advantage of interest rates abroad that are higher than domestic interest rates.
17. A nation wishing to reduce its current account deficit would be advised to
18. If the stock turnover ratio is 4 times and the collection period is 30 days the operating cycle would be
19. According to section_____ of the Indian Partnership Act, 1932, dissolution of partnership between all the partners of a firm is called the 'dissolution of the firm'.
20. The direct advantages of accounting do not include
21. Which is the function of finance as per John J. Hampton?
22. Capital budgeting process involves
23. If Strike price is more than the spot price of the asset, the call option is known as
24. Under the head 'current liabilities', the following items are disclosed in the Final Accounts of a company
25. Modigliani and Miller's dividend policy of a firm is
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