A) Financing Activities. Answer: A. We have provided Sources of Business Finance Class 11 Business Studies MCQs Questions with Answers to help students understand the concept … 2 times c. 6 times d. 8 times. Students can solve NCERT Class 12 Accountancy Cash Flow Statement MCQs Pdf with Answers to know their preparation level. The profit earned by the business during 2010 was £72,500. These assets are not meant for resale. Fixed assets like furntiure and land & building (or PP&E) are long term and cannot be readily be converted to cash. B) Decrease in value. c) Intangible asset. AIS MCQ 1. What will be the percentage of fixed assets on total assets? Great, send more questions even in a PDF form. Im really impressed by your site. (A) 60% (B) 40% (C) 29% (D) 71% 17. B) Fictitious asset. Financial Accounting (Vol. Which of the following is not a capital profit? a. Which of the following is not a cash outflow? 9. 2. Reply. Financing seasonal needs with short-term funds. Financial Accounting for Management. Assets a/c. Answer: (a) market price per share. ANSWER: A 40. Fixed Assets ?3,30,000; Current Assets ₹1,90,000; Preliminary Expenses ₹30,000; Equity Share Capital ₹2,44,000; Preference Share Capital ₹1,70,000; Reserve Fund ₹58,000. a) Purchase of assets . Answer: D. 2. Reply. Multiple Choice Questions This activity contains 5 questions. A) True B) Not sure C) False D) May be. A) Intangible asset. Objectives of the fixed asset system do NOT include a. authorizing the acquisition of fixed assets. Out Of The following, Direct Expense Is A) Salaries b) carriage outward c) rent of office building d) carriage inward 2. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. B. C) Investing Activities. When viewed from the highest to most elemental level, the data hierarchy is c. file, record, attribute 2. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Issue long-term debt to buy inventory. (2nd, Ed.) Multiple choice questions Try the following questions to test your knowledge of this chapter. Project Evaluation and Review Techniques. C) Current asset. C. Programme Evaluation and Review Techniques. Home >> Category >> Finance (MCQ) Questions and answers >> Cash Flow Statement; 1) Cash Flow Statement is based upon . 15)Match the following We have provided Sources of Business Finance Class 11 Business Studies MCQs Questions with Answers to help students understand the concept … ... Allocation of cost of fixed asset over its use full life. Income received in advance is a) An income b) a liability c) an asset d) a loss 4. b. recording depreciation expense. Accrual basis of accounting c. Credit basis of accounting d. None of the above. Answer B. Financial Statement Problems and Solutions. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. a) Patents b) investment c) goodwill d) trade mark. Reply. Wrong! Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. B. Labour Intensive. Which of the following best describes the activities of the accounting function? Which one of the following is true? These assets are not meant for resale. Mcq accounting and its terminology ... Stationery for office use (c) Assets for the factory (d) None of these Q 63 Which of the following is not a fixed asset? A) Increased Equity. Assets that are cemented into the ground and do not move. B) Operating Activities. Accounting Mcqs. Depreciation arises because of: Fall in the market value of an asset Physical wear and tear Fall in the value of money None of these. D) Liquid asset. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 15 Cash Flow Statement. Multiple Choice Questions This activity contains 13 questions. D. Market Intensive. a) Purchase of assets . Q5. e. manufacturing, quality control, and maintenance 3. I learn more information from those question .thank you again. Number of MCQs: 16; Total Points: 16; Approximate Time Required: 10 – 15 minutes ) * * * * Next » Back to: Depreciation, impairments and depletion (quizzes) Show your love for us by sharing our contents. Which of the following would be consistent with a more aggressive approach to financing working capital? I certainly love this site. 15)Match the following Fixed Assets Interview Questions and Answers will guide us now that Fixed asset, also known as a non-current asset or as property, plant, and equipment (PP&E), is a term used in accounting for assets and property which cannot easily be converted into cash. I have bookmarked it in my google bookmarks. MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] ... Q35] Fixed assets are double the current assets and half the capital. Financing seasonal needs with short-term funds. Which of the following would be consistent with a more aggressive approach to financing working capital? Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. Like Plant & Machinery, Land & Building. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. A) Revenues are more than cost. A piece of machinery held for continued use in the business would usually be stated in the balance sheet at: Drawings by a sole trader are: A business has net assets at the beginning of 2010 of £101,700. (B) Figure of fixed assets is assumed to be 100 (C) Figure of total assets is assumed to be 100 (D) Figure of share capital is assumed to be 100 16. Borrow short term to finance additional fixed assets. Which of the following are not fixed asset system tasks? A. C. 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