Accounting Mcqs

Page No. 31

Budgeting is difficult to apply in the following cases


aProducts subjected to rapid changes


bJob order manufacturing


cUncertain market condition


dAll of the above


View Answer All of the above

Sales expenditure budget is prepared by estimating the expense(s) of


aAdvertisement


bMarket analysis


cSalesman's salary


dAll of the above


View Answer All of the above

A low Return on Investment Ratio (ROI) indicates


aImproper utilization of resources


bOver investment in assets


cBoth A and B


dNone of the above


View Answer Both A and B

Return on Investment Ratio (ROI) =


a(Gross profit / Net sales) x 100


b(Gross profit x Sales / Fixed assets) x 100


c(Net profit / Sales) x 100


d(Net profit / Total assets) x 100



A higher inventory ratio indicates


aBetter inventory management


bQuicker turnover


cBoth A and B


dNone of the above


View Answer Both A and B

Lower the Debt Equity ratio


aLower the protection to creditors


bHigher the protection to creditors


cIt does not affect the creditors


dNone of the above



Liquid or Quick assets =


a Current assets - (Stock + Work in progress)


bCurrent assets + Stock + Work in progress


c(Current assets + Stock) + Work in progress


d(Current assets + Work in progress) - Stock



Current ratio =


aQuick assets/Current liabilities


bCurrent assets/Current liabilities


cDebt/Equity


dCurrent assets/Equity



The following is (are) the current liability (ies)


aBills payable


bOutstanding expenses


cBank Overdraft


dAll of the above


View Answer All of the above

The measure of how efficiently the assets resources are employed by the firm is called


aLiquidity ratio


bLeverage ratio


cActivity ratio


dProfitability ratio


View Answer Activity ratio

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