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Accounting Quiz 15 (25 MCQs)

Quiz Instructions:

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1. The presence of fixed costs in the total cost structure of a firm results into
2. Return on total assets ratio is equal to _____ divided by total asset
3. Which is the method of Capital budgeting?
4. Members of the EU find that trade creation is fostered when their economies are
5. Contingent liability is shown due to
6. Legal cost incurred in case of disputed land and building is classified as
7. Business loss can be set off against salary income
8. After declaration dividends are paid to the shareholders as per the provision of
9. Unabsorbed depreciation which could not be set off in the same assessment year, can be carried forward for
10. This type of growth refers to concentrating activities on markets and/or products that are familiar.
11. A balance sheet is
12. What is customer value?
13. Acid test ratio is equal to quick current assets divided by _____
14. Holder of an American call option can
15. The return on equity capital ratio is obtained by dividing net profit (after tax) less preference dividend by
16. Which of the following principles is not related to the preparation of profit and loss account?
17. Which of the following is a branch of Accounting?
18. Which accounting standard deals with Earning per share?
19. Credit (+) items in the balance of payments correspond to anything that
20. If a particular current asset in the current year is more than what was in the previous year, then the change in the current assets results in of working capital.
21. Consider the following Accounting Concepts
22. Which of the following are the qualitative characteristics of financial statements?
23. In 'Percentage of Sales' method of preparation of Projected Financial Statements, the Operating Expenses should be projected on the basis of
24. Advantages of Budgetary control include
25. Discounted cash flow criteria for investment appraisal does not include
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