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Accounting Quiz 13 (25 MCQs)

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1. The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is
2. Capital gearing ratio indicates the relationship between
3. Which of the following is an intangible asset?
4. Change in the constitution of the firm may be due to
5. Which of the following Accounting standards is recommendatory and not mandatory?
6. Which method of inventory valuation is very useful when prices are falling?
7. Spot exchange rate is the rate of exchange between two currencies
8. Antidumping duties applied to imported goods
9. Depreciation is incorporated in cash flows because it
10. A, B and C were partners sharing profits in the ratio of 3 : 5 : 7. C retires and his share were taken up by A and B in the ratio of 3: 2. What is new ratio?
11. _____ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries.
12. Dividends are the _____ of a company distributed amongst members in proportion to their shares.
13. Which of the following is not included in the assumption on which Myron Gorden proposed a model on Stock valuation
14. Inventory is valued at cost or market price whichever is lower. This principle of valuation is based on the accounting convention of
15. In a diversified portfolio, a new security adds
16. Which method of inventory valuation helps in reducing the burden of income tax in times of rising prices?
17. The ratios which measure the relative contribution of financing by owners and financing provided by outsiders are called
18. In Accounting equation approach for recording business transactions all accounts are divided into three categories, namely
19. Which one of the following is an example of sources of funds?
20. Which country is not a member of the European Union
21. Cost of goods sold equals
22. Debt Equity Ratio is computed by
23. Which one is more appropriate for cost of retained earning?
24. Break-even of a Put option occurs when spot price is equal to
25. Profitability Index, when applied to divisible projects, impliedly assumes that
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