Accounting MCQs

To measure the profitability of a business, among the following which ratio will be used? i. Acid test ratio ii. Return on capital employed iii. Net profit ratio iv. Interest protection ratio v. Stock periodic ratio 6. Debt equity ratio

A company cannot issue:

In the absence of any agreement, it is presumed that the new partner acquires his share in profits from the old partners in the:

Given below are two statements, are labelled as Assertion (A) and other as Reason (R): Assertion (A): The fixed assets in the balance sheet are required to be shown at cost less depreciation. Reason (R): The balance sheet and profit and loss account disclose a true and fair view. Choose the correct answer

According to the Double Entry System, salary paid to a clerk Ramesh is a

Which of the following should be shown on the asset side of the Balance Sheet:

Which of the following ratios are taken into consideration by a banker before sanctioning the loan?

Which of the following shows position at specific Date?

Value added statement is a statement prepared under: