Accounting Quiz 7 (25 MCQs)

Quiz Instructions:

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1. Which accounting standard deals with Interim Financial Reporting?

2. Which of the following is not a capital budgeting decision?

3. There should be a provision in the _____of the company for capitalisation of reserves

4. Which method of capital budgeting called benefit cost ratio?

5. The first computerised online stock exchange in India was

6. Interest coverage Ratio is given by

7. What does the ROI take into account?

8. Closing stock is valued at

9. Valuation of inventory is dealt with in

10. Accounting is concerned with

11. What does creditors turnover ratio take into account?

12. Standard deviation can be used to measure

13. Which of the following reserves are free reserves that can be used for issue of bonus shares?

14. Accounting rules, practices and conventions should not change from one year to another as per the

15. Which is the form of dividend?

16. The investment of long term funds is made after a careful assessment of the various projects through

17. Budgets can be classified according to

18. Expenditure incurred on research is an example of

19. The exchange rate is kept the same across geographically-separate markets by

20. Which is the step of capital budgeting process?

21. What are the ways of creating secret reserves?

22. Amount spent on an advertisement campaign, the benefit of which is likely to last for three years is a

23. Capital budgeting involves the

24. Operating profit ratio may be calculated by

25. Acid test ratio should normally be _____