This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Accounting > Accounting – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Accounting Quiz 8 (5 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When Capital Redemption Reserve Account is opened? A) At the time of Reserve. B) At the time of equity repayment. C) At the time of Preference Share Redemption. D) All of the above. Show Answer Correct Answer: C) At the time of Preference Share Redemption. 2. Dividend Policy must be A) Fixed. B) Flexible. C) Flexible and Fixed both. D) None of these. Show Answer Correct Answer: B) Flexible. 3. Capital bonus is given A) By the issue of free fully paid shares known as bonus shares. B) By making partly paid shares as fully paid without getting cash from the shareholders. C) Both (a) and (b). D) By cash payment to shareholders. Show Answer Correct Answer: C) Both (a) and (b). 4. Which is the function of Treasurer? A) Management of Credit. B) Management of Pension. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 5. Identify the formula that is used to calculate the capital turnover ratio A) Credit sales/ Capital employed. B) Net sales/Capital employed. C) Credit sales/net worth. D) Net sales/ Average accounts payable. Show Answer Correct Answer: B) Net sales/Capital employed. ← PreviousRelated QuizzesEconomy QuizzesGeneral Knowledge QuizzesAccounting Quiz 1Accounting Quiz 2Accounting Quiz 3Accounting Quiz 4Accounting Quiz 5Accounting Quiz 6Accounting Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books