List of practice Questions

Current assets include only those assets which are expected to be realised within:

Creditors turnover ratio includes:

Cash Flow Statement is prepared from:

While preparing the Cash Flow Statement, the ‘cash purchase of building’ will be classified as:

Which of the following is not an application of cash?

In partnership, preparation of partnership agreement is:

When capital is fixed, the capital accounts of partners show:

To become a partner it is essential to be:

In the absence of partnership deed, partner:

The balance of Current Account can be:

Which of the following items is not taken into consideration while computing current ratio?

Liquid assets include:

Common size financial statements are mostly prepared in the form of:

Legacies should be treated as:

All receipts of capital nature are shown in:

Subscription received in advance is:

In which year did the Partnership Act come into force?

For the firm, interest on partner’s drawings is a/an:

Fixed Assets are shown:

Parties interested in financial statements are:

When financial statements of two or more organisations are analysed, it is called:

Financial analysis is useful for:

Which year can be selected for calculating trend percentage?

Sales less cost of goods sold is called:

Which of the following is not the method of financial statement analysis?