#accounting

Introduction to Microeconomics 5

Identify revenue expenditure from the given below

Subsidies given to the public correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

View Details

Introduction to Microeconomics 1

According to straight line method of providing depreciation, the depreciation

Remains constant correct per microeconomics basics; central problems scarcity choice opportunity cost.

Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.

View Details

Ratio Analysis 1

What will be the effect on current ratio if a bills payable is discharged on maturity?

It will increase ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Ratio Analysis 1

Purchase of goods ₹ 40,000 for cash will increase the operating ratio.

False ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Ratio Analysis 1

The working capital of IAN Ltd. is ₹ 2,00,000 and its current assets are ₹ 6,00,000. What is its current ratio?

1.5 ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Ratio Analysis 1

What will be the revenue from operations when the following data is available? Sales = ₹ 20,00,000 Sales Return = ₹ 1,00

₹ 19,40,000 ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Ratio Analysis 1

Liquidity ratio assumes more importance:

For financial institutions ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Ratio Analysis 1

Higher the ratio, the more favorable it is, doesn’t stand true for:

Operating ratio ratio analysis correct; liquidity profitability ratios calculation interpretation.

Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.

View Details

Financial Statements 2

Goodwill Given in the old Balance Sheet will be:

Written off by the old partners financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

View Details

Financial Statements 2

Directions For Questions Directions: Read the following passage carefully: The balance sheet is a snapshot of a company'

As current and non-current financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

View Details

Financial Statements 2

Which of the following is not a part of finance cost (in the statement of profit and loss)?

Bank charges financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

View Details

Financial Statements 2

Which of the following item can be presented on the asset side of the balance sheet of a company?

Both (a) and (c) financial statements correct; Schedule III format Companies Act 2013.

Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.

View Details