Which one of the following would not be classified as manufacturing overhead?
A. Indirect labour
B. Direct materials
C. Insurance on factory building
D. Indirect materials
Select an option to see the answer and solution.
In accounting all business transaction are recorded as having:
A. Single aspect
B. Dual aspect
C. Triple aspect
D. None of these
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If loan have been guaranteed by managers and directors is called as:
A. Loan
B. Unsecured Loan
C. Secured Loan
D. Advance by Manager & Director
Select an option to see the answer and solution.
Accounting principles are . . . . . . . . which are adopted by the accountant universally while recording accounting transaction.
A. Rules of action or conduct
B. Which you can change as per accountant
C. Which keep changing every year
D. None of these
Select an option to see the answer and solution.
Mixed combination is a combination of:
A. Similar industries
B. Firms of the same industry
C. Different industries at a place
D. Related industries
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Direct supervision over depositories and mutual funds is undertaken by
A. NBFCs
B. RBI
C. SEBI
D. All of the above
Select an option to see the answer and solution.
A business has following items in it Land?
Vehicles Rs. 6,00,000
Debtors Rs. 1,20,000
Cash Rs. 30,000
Owner's Equity Rs. 10,00,000
Loan Rs. 5,00,000
Creditors Rs. 50,000
What is the value of the land?
A. Rs. 10,00,000
B. Rs. 15,50,000
C. Rs. 8,00,000
D. None of these
Select an option to see the answer and solution.
Insurance prepaid is shown as:
A. Current assets
B. Current liabilities
C. Fixed asset
D. Fixed liability
Select an option to see the answer and solution.
Reserve for doubtful debts appearing in the trial balance should be:
A. Credited to P & L a/c
B. Shown as liability side in balance sheet
C. Reduced from related asset in the balance sheet
D. Both A and C
Select an option to see the answer and solution.
If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:
Select an option to see the answer and solution.
Computers that recognize data as discrete signals are called?
A. Analog computers
B. Digital computers
C. Hybrid computers
D. Super computers
Select an option to see the answer and solution.
Logical unit in an Electronic Computer performs the function of
A. giving out the end-product
B. calculations at a very high speed
C. controlling all the operating units of the computer
D. storing the data for future use
Select an option to see the answer and solution.
Office Manager:
A. Is responsible for implementing the policies of top management
B. Provides clerical services
C. Serves as public relations manager
D. Does all these
Select an option to see the answer and solution.
In case the whole or a part of the security issues are not subscribed by the public who will subscribe such unsubscribed securities for a fixed commission:
A. Brokers
B. Commission agents
C. Underwriters
D. Sales agents
Select an option to see the answer and solution.
Bharat Heavy Electrical Ltd. (BHEL) is an example of:
A. Private company
B. Public company
C. Cooperative Society
D. Partnership
Select an option to see the answer and solution.
Which of the following equation is related with Dual Aspect Concept?
A. Total Assets = Total Liabilities
B. Total Assets = Capital + Outsider's Liabilities
C. Capital = Total Assets - Outsider's Liabilities
D. All of the above
Select an option to see the answer and solution.
Balance Sheet is a statement of . . . . . . . .
A. Assets
B. Liabilities
C. Capital
D. All of these
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Which of the following is not a technique of capital structure analysis
A. Cost of capital
B. Capital budgeting
C. Capitalization
D. Trading on equity
Select an option to see the answer and solution.
Salary is one of the . . . . . . . . expenses.
A. Capital
B. Revenue
C. Direct
D. Non-cash
Select an option to see the answer and solution.
Aggregate of cost of goods sold and selling and distribution overheads is known as:
A. Total Cost
B. Office Cost
C. Cost of Sales
D. Selling Overhead
Select an option to see the answer and solution.