Accountancy And Financial Management MCQ PDF 1) If the rate of gross profit is 25% on cost it will be equal to a) 20% on sales b) 20% on cost c) 1/3 on sales d) 1/5 on cost 2) Fire insurance provides cover for a) Tangible assets b) Intangible assets … Read more
ADVANCED FINANCIAL ACCOUNTING Mumbai University M.com Part 1 All Subject MCQ Link In One Link 👉Click Here👈 1) Exchange difference of internal foreign operation is a) Transfer to suspense account b) Transferred to PL account c) Transferred to foreign currency translation reserve d) Transferred to net investment in integral foreign operation account … Read more
1) Worthless asset is debited to capital accounts in their – a) Profit Sharing Ratio b) Capital Ratio c) Final Claim Ratio d) Gain ratio ANS: A 2) Fictitious assets are debited to partners capital accounts in their – a) Profit sharing ratio b) Capital ratio c) Final Claim ratio d) Gain … Read more
Q.1.Obey certain ethical rules no matter what the results are A. Ethical relativism B. Ethical absolutism C. Deontological ethics D. Teleological ethic ANS: A Q.2.Equity shares can be bought back A. Out of profits only B. Out of proceeds of fresh issue only C. Out of capital profit only D. Its free reserves; … Read more