Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. The assets that can be converted into cash within a short period (i.e. c. Intangible assets. The ratio of current assets to current liabilities is known as a) Liquidity ratio b) Current ratio c) Acid-Test (or Quick) ratio d) Debts ratio. Which of the following financial statements is also known as financial condition? Answer: A. Fixed assets. These finance quiz are from basic finance theory, financial management, corporate finance, personal finance, and public finance. Current assets. b. Long term assets having no physical existence but, possessing a value are called. This involves the cost incurred for transportation, installation, and acquisition. 16. C) Current assets. 14. D) Investments. The short-term financial needs of the companies are generally met from Trade Credit. C) Current assets. Current assets of a firm are those assets which could be consumed, exhausted or sold within a year. Financial Statement MCQs is a set of important multi choice questions. Current assets. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. c. Intangible assets. B) Fixed assets. Finance multiple choice question (MCQs) test page-1. 1 year or less) are known as. True. ... As a Prepaid within current assets (c) As a 'creditor due within one year' (d) As a creditor due after more than one year' ... Wrong! MCQs for upcoming JKSSB Accounts Assistant Exam. 2. The word ‘cost’ is also known as ‘money cost’ which is linked with the capital expenditure of a … C) Intangible assets. Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Choose the correct answer: 1. D) Investments. 10. B) Fixed assets. Discussion; RE: Preparation Of Funds Flow Statement - MCQs -praveen (08/21/20) Funds from operations = 2,80,000 Step by step Explanation: Funds from operations = Net income + intrest expense + Depreciation + Loss on the sale of companie's assets - intrest income - gain on the sale of companie's assets. 3. Proprietary ratio = Shareholder’s fund/Total assets. A) Intangible assets. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. i.e., 1 year or less is known as Link to Finance MCQs (PDF) is given below. A) Current assets. Current ratio is also known as acid test ratio. 2. Current assets of a business should be financed through both long term and short-term liabilities. 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