1. Business unit is .separate and distinct from the person who supply capital is based on :
2. Mr. A purchased a machinery costing ₹ 1,00,000 on 1st November 2013. Transportation and installation charges were incurred amounting ₹ 10,000 and 4,000 respectively. Dismantling charges of the old machine was ₹ 10,000. Market value of the new machine was estimated at ₹ 1,20,000 on lST March 2014. While preparing final accounts, A values the machinery at ₹1.20,000 in his books. Which of the following concepts was violated by A ?
3. A company wishes to earn 20% profit margin on selling price._is the profit mark-up on cost, which will achieve the required profit margin.
4. Debit note is associated with :
5. When shares are forfeited the share capital account is debited by :
6. Accounting Standards in India are issued by :
7. The basic rule of 'debit the receiver and credit the giver' applies to :
8. Balance sheet shows financial position of a concern :
9. Fixed assets of a business is ₹ 1,00,000; Current assets are ₹20,000; Capital and Long term liabilities are ₹50,000, then Current liabilities will be :
10. Preliminary expenses are an example of:
11. Closing stock of a trading concern is equal to :
12. Provision for bad and doubtful debt is created on :
13. The study of relationship of various items in the financial statements of one accounting period is called :
14. Ratios calculated to measure the efficiency with which the resources of a firm have been employed are called :
15. If the working capital of a company is ? 90,000 and its current ratio is 2.5, what is the value of its current asset ?
16. The capital structure of a company consists ot ₹ 1,00,000 Equity shares; ₹ 50,000 10% Redeemable preference shares; and ₹ 30,000 8% debentures. What is its Capital Gearing ratio ?
17. In provision method of depreciation, the asset always appears at:
18. Which of the following is shown in Profit and Loss Appropriation account ?
19. Written Down Value is calculated as :
20. The revenue is generally considered as realised at the time of:
21. Which of the following is considered to be the appropriate objective of Financial Management ?
22. Financial management is mainly concerned with :
23. The discount rate that equates the present value of cash inflow's with initial investment associated with a project is called :
24. __________measures present value of returns per rupee invested.
25. The choice of investment proposals under financial constraints of capital expenditure budget is called :
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