Accounting MCQs

A minimum quantity of stock always held as precaution against out of stock situation is called

Discounting of bill by the drawer is done with

A bill of exchange when drawn requires

A bill of exchange is called a ____ by one who is liable to pay it on the due date

___ days of grace are allowed in case of time bills, for calculating date of maturity

In case of debit balance, the words _____ are written on the debit side

Bank pass book is also known as

Ram and Shyam are partners in a firm with capital of Rs. 4,80,000 and Rs. 3,10,000, respectively. They admitted Ganesh as a partner with $${\frac{1}{4}^{{\text{th}}}}$$ share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be

Match the items of List-I with those of the List-II and indicate the correct answer: List-I List-II a. Debtors Turnover Ratio 1. Solvency Ratio b. Proprietary Ratio 2. Liquidity Ratio c. Operating Ratio 3. Activity Ratio d. Acid Test Ratio 4. Profitability Ratio