Financial and Management Accounting-Financial Statements (NTA-NET (Based on NTA-UGC) Commerce (Paper-II)): Questions 1 - 5 of 13

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Question number: 1

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2017

MCQ▾

Question

Consolidated financial statements are prepared on the principle

Choices

Choice (4) Response

a.

In form the companies are one entity, in substance they are separate.

b.

In form and substance the companies are separate.

c.

In form and substance the companies are one entity.

d.

In form companies are separate, in substance they are one.

Question number: 2

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2015

MCQ▾

Question

‘Comparison of the financial statements of the current year with the performance of previous years of the same firm’, is known as:

Choices

Choice (4) Response

a.

Intra - firm comparison

b.

Trend Analysis

c.

Horizontal Analysis

d.

All a. , b. and c. are correct

Question number: 3

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2015

MCQ▾

Question

‘X’ Ltd. has a liquid ratio of 2: 1. If its stock is 40,000 and its current liabilities are of 1 Lac, its current ratio will be:

Choices

Choice (4) Response

a.

2.4 times

b.

1.4 times

c.

1.2 times

d.

3.4 times

Question number: 4

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2005

MCQ▾

Question

The Balance sheet of a business reveals

Choices

Choice (4) Response

a.

Financial position of the business for a particular period

b.

Financial position of a business on a particular day

c.

None of the above

d.

Question does not provide sufficient data or is vague

Question number: 5

» Financial and Management Accounting » Financial Statements

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Appeared in Year: 2005

MCQ▾

Question

If Total Assets = ₹ Sales = ₹ Total Expenses = ₹ and normal rate = find out residual income:

Choices

Choice (4) Response

a.

b.

c.

d.

Developed by: