1. Fixed assets are Rs 5,00,000 , Current assets are Rs 3,00,000, Current liabilities are Rs 1,00,000. There is no investment. Capital employed will be :
a. rs 8,00,000
B. rs 7,00,000
c. rs 9,00,000
d. rs 6,00,000
2. Current liabilities include creditors Rs 2,00,000, Bills payable Rs 1,00,00 Expenses payable Rs 50,000 Bank Overdraft Rs 2,00,000. Quick liabilites will be :
a. rs 3,50,000
B. rs 3,00,000
c. rs 2,50,000
d. rs 2,00,000
3. Fixed assets include premises Rs 10,00,000, Machinery Rs 5,00,000 Furniture Rs 2,00,000 Vehicles Rs 3,00,000 Live stock Rs 1,00,000 Goodwill Rs 2,00,000, Patents & Copy rights Rs 1,50,000, Underwriting commission Rs 50,000 Fixed tangible immovable asset will be :
a. rs 10,00,000
B. rs 20,00,000
c. rs 3,00,000
d. rs1,50,000
4. Kumar Ltd. reported net sales Rs 9,00,000, Rs 9,90,000 and Rs 10,80,000 in the year 2013, 2014 and 2015. If 2013 is the base year what is the trend % for 2015?
a. 1.2
B. 0.75
c. 0.8
d. 0.9
5. Total current assets are Rs 30,000, Rs 54,000 and Rs 66,000 in 2013, 2014 and 2015 respectively. If 2013 is the base year what is the % increase from 2013 to 2015?
a. 1.2
B. 1.25
c. 0.6
d. 0.5
6. Cost of goods sold for a company is Rs 30,00,000, Rs 24,00,000 and Rs 18,00,000 for 2015, 2014 and 2013 respectively. If 2013 is the base year the percentage increase in cost of goods sold from 2013 to 2015 is
a. 0.6667
B. 0.7
c. 0.5
d. 0.45
7. Gauri Ltd has a debt equity of 3:2 and total assets turnover is 2. If NP ratio is 10%. The ROE is
a. 0.4
B. 0.5
c. 0.35
d. 0.2
8. ABC Ltd has total assets turnover ratio and total assets to Net worth are 1.75 and 2 respectively. If NP ratio is 10% the ROE will be :
a. 0.2
B. 0.35
c. 0.4
d. 0.6
9. Current Assets are Rs 5,00,000 and Current liabilities are Rs 2,00,000. The Current ratio is
a. 1.5
B. 1.75
c. 2.5
d. 3.20,
10. WIP is Rs 14,000, COGS is Rs 1,50,000, 360 days in a year WIP Turnover period is :
a. 30 days
B. 40 days
c. 34 days
d. 45 days
11. S Ltd has a plan to produce 52,000 units for the year 2020-21 selling price is Rs 1,000 per unit. Credit allowed to customers is 8 weeks. One year consists of 52 weeks. The debtors value is
a. rs 40,00,000
B. rs 80,00,000
c. rs 70,00,000
d. rs 60,00,000
12. K Ltd has decided to produce and sell 5,000 units during the year 2020-21. S.P. is Rs 200 per unit. 70% of sales will be on credit and credit period wil be 6 weeks. One year consists of 50 weeks. The debtors will be :
a. rs 70,000
B. rs 80,000
c. rs 84,000
d. rs 95,000
chapter: Introduction
13. ………………………Accounting is concerned with measurement of thecost and value of people for the organization.
a. financial accounting
B. management accounting
c. corporate accounting
d. human resource accounting
14. The important objective of …………………..accounting is to organize theaccumulated financial data into meaningful information.
a. financial accounting
B. management accounting
c. corporate accounting
d. human resource accounting
15. ……………………..accounting is the adoption and analysis of accounting information and its diagnosis and explanation in such a way so as to assist the decision -makers.
a. financial accounting
B. management accounting
c. corporate accounting
d. human resource accounting
16. Planning is that function of ……………………..which requires an efficient systemof decision – making.
a. finance
B. management
c. h.r
d. administration.
17. …………………..costs are pre-determined targets adainst which actual resultsare evaluated.
a. marginal
B. standard
c. actual
d. budgeted
18. Financial Accounting data is primarily meant for …………………
a. external users
B. internal users
c. employees
d. bank
19. Cost Accountant should report to the ……………management.
a. top
B. middle.
c. administration
d. lower
20. The transaction which increase working capital are ………….. of funds