| 121 |
The debt-equity ratio belongs to which category of ratios? |
Accountancy/Book Keeping
Accounting ratios |
Easy |
| 122 |
Current assets are ₹3,00,000 and current liabilities ₹1,50,000. What is the current ratio? |
Accountancy/Book Keeping
Accounting ratios |
Easy |
| 123 |
Current assets are ₹3,00,000, including inventory of ₹80,000 and prepaid expenses of ₹20,000. Current liabili… |
Accountancy/Book Keeping
Accounting ratios |
Medium |
| 124 |
Cost of revenue from operations is ₹4,80,000, opening inventory ₹70,000 and closing inventory ₹90,000. What i… |
Accountancy/Book Keeping
Accounting ratios |
Medium |
| 125 |
Current assets are ₹2,00,000 and current liabilities ₹1,00,000. The firm pays ₹50,000 to its trade creditors.… |
Accountancy/Book Keeping
Accounting ratios |
Hard |
| 126 |
For a manufacturing company, dividend paid is classified as a cash flow from |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 127 |
In the indirect method, depreciation is added back to net profit because it is |
Accountancy/Book Keeping
Cash flow statement |
Easy |
| 128 |
Net profit is ₹1,00,000. Depreciation is ₹20,000, trade receivables increased by ₹15,000 and trade payables i… |
Accountancy/Book Keeping
Cash flow statement |
Medium |
| 129 |
Machinery with a book value of ₹50,000 is sold for ₹40,000. How is this shown in the cash flow statement? |
Accountancy/Book Keeping
Cash flow statement |
Medium |
| 130 |
Profit before tax is ₹1,50,000; depreciation ₹20,000; loss on sale of machinery ₹10,000; trade receivables up… |
Accountancy/Book Keeping
Cash flow statement |
Hard |
| 131 |
Which type of accounting software is most suitable for a small shop with simple, standard needs and a limited… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Easy |
| 132 |
Which of these is a limitation of a computerised accounting system? |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Easy |
| 133 |
A large bank needs accounting software designed specially for its many branches and confidential processes. W… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Medium |
| 134 |
An accountant enters a correct voucher but posts ₹5,000 to the wrong expense head. Why might a CAS fail to de… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Medium |
| 135 |
A firm buys a standard accounting package and gets the vendor to add a module for its special commission rule… |
Accountancy/Book Keeping
Concept and types of computerised accounting |
Hard |
| 136 |
Codes that use letters to help users remember the account, such as "SAL" for sales, are called |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 137 |
In a chart of accounts, the lowest level of the hierarchy consists of |
Accountancy/Book Keeping
Structure of CAS |
Easy |
| 138 |
A firm reserves codes 100–199 for assets, 200–299 for liabilities and 300–399 for revenues. Which type of cod… |
Accountancy/Book Keeping
Structure of CAS |
Medium |
| 139 |
Vouchers in a CAS are numbered 1, 2, 3 and so on, in the order in which they are entered. What type of coding… |
Accountancy/Book Keeping
Structure of CAS |
Medium |
| 140 |
Which arrangement correctly shows the hierarchy from top to bottom for a customer's account? |
Accountancy/Book Keeping
Structure of CAS |
Hard |