Accounting Quiz 17 (11 MCQs)

Quiz Instructions:

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1. Business Plans designed to achieve the organisation objective is called

2. Which of the following Iiabilities are taken into account for the quick ratio?

3. Income and Expenditure Account is prepared in non-trading concerns in lieu of

4. Capital employed equals

5. The cost of capital declines when the degree of financial leverage increases 'who advocated it'.

6. Cost of Capital for Bonds and Debentures is calculated on

7. When Capital Redemption Reserve Account is opened?

8. Dividend Policy must be

9. Capital bonus is given

10. Which is the function of Treasurer?

11. Identify the formula that is used to calculate the capital turnover ratio