MCQ Questions for Class 12 Accountancy set-10 ICSE XII MCQs | Multiple choice questions and answers | Mock Tests | Practice Papers

Question:

Cash from operating activities will decrease due to :

1.Increase in Current Assets

2. Decrease in Current Liabilities

3.Neither of the two

4.Both (a) and (b)

Question:

Cash sales in :

1.Operating Activity

2.Investing Activity

3. Financing Activity

4.None of these

Question:

Cost of goods sold :

1.Sales â€“ Net profit

2.Sales â€“ Gross profit

3.Purchases â€“ Opening Stock

4. None of the above

Question:

Current Ratio =

1.Current Assets/Current Liabilities

2.Liquid Assets/Current Liabilities

3.Liquid Assets/Current Assets

4.Fixed Assets/Current Assets

Question:

Current Ratio includes:

1. Stock

2. Debtors

3.Cash

4. All of these

Question:

Debt-equity ratio is :

1. Liquidity Ratio

2. Activity Ratio

3.Solvency Ratio

4. Operating Ratio

Question:

Equity share capital â‚¹ 15,00,000
Reserve and Surplus â‚¹ 7,50,000
Total Assets â‚¹ 45,00,000
Properletory Ratio ?

1.50%

2. 33.3%

3.200%

4. 60%

Question:

If net profit is 7 50,000 after writing off goodwill 7 10,000 then the cash flow from operating activities will be:

1.â‚¹ 60,000

2. â‚¹ 40,000

3. â‚¹ 50,000

4. â‚¹ 30,000

Question:

If net profit is â‚¹ 35,000 after writing off good will â‚¹ 6,000 and loss on sale of furniture â‚¹ 1,000, cash flow from operating activities will be :

1.â‚¹ 35,000

2.â‚¹ 42,000

3.â‚¹ 29,000

4.â‚¹ 28,000

Question:

Issue of shares in consideration of purchase of plant and machinery results into :

1.Inflow of Cash

2.Outflow of Cash

3.Neither Inflow nor Outflow

4. None of these

Question:

Liquid Assets include :

1.Bills Receivable

2. Debtors

3.Cash Balance

4.All of these

Question:

Liquid Ratio is also known as:

1.Current Ratio

2.Quick Ratio

3. Capital Ratio

4. None of these

Question:

Operating Ratio is:

1. Profitability Ratio

2. Activity Ratio

3. Solvency Ratio

4.None of these

Question:

Preparation of cash flow statement is :

1.Mendatory

2.Recommendatory

3.Required under the Companies Act

4. None of these

Question:

Profitability Ratio is generally shown in :

1.Simple Ratio

2. Percentage

3.Times

4. None of these

Question:

Profitability Ratios are generally expressed in :

1. Simple Ratio

2.Percentage

3.Times

4.None of these

Question:

Proprietory Ratio indicates the relationship between proprietorâ€™s funds andâ€¦.

1.Reserve

2.Share Capital

3. Total Assets

4.Debentures

Question:

Ratio based on figures of profit & loss as well a the Balance sheet are:

1.Profitability Ratios

2.Operation Ratio

3.Liquidity Ratio

4.Composite Ratio

Question:

Stock turnover ratio comes under :

1.Liquidity Ratio

2. Profitability Ratio

3.Activity Ratio

4.None of these

Question:

The following groups of ratios primarily measure risk

1. Liquidity, activity and profitability

2. Liquidity, activity and common stock

3. Liquidity, activity and debt

4. Activity, debt and profitability

Question:

The formula for finding out Debt-Equity Ratio is:

1. Long-term Debts/Shareholdersâ€™ Funds

2.Debentures/Equity Capital

3.Net Profit/Total Capital

4. None of these

Question:

The gross profit ratio is the ratio of gross profit to :

1.Net Cash Sales

2. Net Credit Sales

3.Closing Stock

4. Net Total Sales

Question:

The ideal current ratio is :

1.2 : 1

2. 1 : 2

3.3 : 2

4. 3 : 4

Question:

The ideal liquid ratio is :

1. 2 : 1

2.1 : 1

3.5 : 1

4.4 : 1

Question:

The ratios are primarily measures of earning capacity of the business.

1. Liquidity

2. Activity

3.Debt

4. Profitability

Question:

The satisfactory ratio between internal and external equity is. :

1. 1 : 2

2.2 : 1

3. 3 : 1

4.4 : 1

Question:

The term â€˜Current Liabilitiesâ€™ does not include: .

1.Sundry Creditors

2. Debentures

3.Bills Payable

4.Outstanding Expenses

Question:

The term fixed assets include :

1.Cash

2.Machinery

3.Debtors

4. Prepaid Expenses

Question:

The termâ€˜Current Assetsâ€™include

1.Long-term Investment

2.Short-term Investment

3.Furniture

4.Preliminary Expenses

Question:

The two basic measures of liquidity are :

1.Inventory Turnover and Current Ratio

2. Current Ratio and Liquid Ratio

3.Current Ratio and Average Collection Period

4.Current Ratio and Debtors Turnover Ratio

Question:

To know the return on investment, by capital employed we mean:

1.Net Fixed Assets

2.Current Asset-Current Liabilities

3.Gross Block

4. Fixed Assets + Current Assets-Current Liabilities

Question:

To test the liquidity of a concern which of the following ratios is useful ?

1.Capital Turnover Ratio

2.Acid Test Ratio

3.Stock Turnover Ratio

4. Net Profit Ratio

Question:

Total Assets â‚¹ 7,70,000
Total Liabilities â‚¹ 2,60,000
Current Liabilities â‚¹ 40,000
Total Assets to Debt Ratio is:

1. 3.5 : 1

2. 2.56 : 1

3. 2.8 : 1

4.3 : 1

Question:

Total Assets â‚¹ 8,10,000
Total Liabilities â‚¹ 2,60,000
Current Liabilities â‚¹ 40,000
Debt-equity ratio is:

1. 0.05 : 1

2. 0.4 : 1

3.2.5 : 1

4. 4 : 1

Question:

What does Creditors Turnover Ratio take into account:

1. Total credit purchases

2. Total credit sales

3. Total cash sales

4.Total cash purchases

Question:

When Cash is 7 10,000 Stock is 7 25,000, B/R is 7 5,000 Creditors is 7 22,000 and Bank Overdraft is 7 8,000 then current ratio is :

1. 2 : 1

2. 4 : 3

3.3 : 4

4. 1 : 2

Question:

When Financial Statements of two or more organisations are analysed, it is called :

1. Intra-firm Analysis

2.Inter-firm Analysis

3.Vertical Analysis

4.None of these

Question:

When opening stock is â‚¹ 50,000 closing stock â‚¹ 60,000 and cost of goods sold is â‚¹ 2,20,000, then stock turn over ratio is:

1.2 times

2.3 times

3.4 times

4. 5 times

Question:

Which of the following assets is not taken into consideration in calculating acid-test ratio ?

1.Cash

2.Bills Receivable

3.Stock

4. None of these

Question:

Which of the following is a type of Financial Analysis on the basis of material used ?

1.Internal Analysis

2.External Analysis

3.Internal Audit

4. Both (a) and (b)

Question:

Which of the following is an example of Cash Flow from Operating Activities ?

1.Purchase of Machinery

2.Issue of Shares

3. Purchases of Inventory for Cash

4. Purchases of Investment

Question:

Which of the following is an operatingâ€™ income ?

1.Sale of Merchandise

2.Interest Income

3.Dividend Income

4. Profit on the sale of old car

Question:

Which Of the following is limitation of financial analysis ?

1.Window-dressing

2. Basis of Valuation

3. Lack of Accuracy

4. All the above

Question:

Which of the following is not the limitations of financial analysis ?

1.Lack of Accuracy

2.Based on Historical facts

3. Basis of Valuation

4.Information of Profit and Loss

Question:

Which of the following non-operating expense?

1.Rent

2. Selling Expenses

3.Wages

4.Loss on Sale of Machinery

Question:

Which of the following statement correct ?

1. Retained Earnings = Total Income

2. Retained Earnings = Revenue-expenses

3.Retained Earnings = Gross Profit

4. None of the above

Question:

Which of the following transactions will improve the current ratio ?

1.Purchase of good for cash

2. Cash received from customers

3.Payment of creditors

4. Credit purchase of goods

Question:

Which one of the following ratios is most important in determining the long-term solvency of a company ?

1.Profitability Ratio

2.Debt-Equity Ratio

3.Stock Turnover Ratio

4.Current Ratio

Question:

While calculating cash flow from operating activities, which will be added ?

1. Increase in Stock

2. Increase in Creditors

3.Decrease in Bills Payable

4.Increase in Debtors

Question:

While calculating cash flow from operating netivities which will be deducted ?

1.Increase in Creditors

2. Increase in Debtors

3.Decrease in Debtors

4.Decrease in Prepaid Expenses

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More MCQS

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ICSE XII/MCQ Questions for Class 12 Accountancy set-10 Sample Test,Sample questions

Question: Cash from operating activities will decrease due to :

Question: Cash sales in :

Question: Cost of goods sold :

Question: Current Ratio =

Question: Current Ratio includes:

Question: Debt-equity ratio is :

Question: Equity share capital â‚¹ 15,00,000 Reserve and Surplus â‚¹ 7,50,000 Total Assets â‚¹ 45,00,000 Properletory Ratio ?

Question: If net profit is 7 50,000 after writing off goodwill 7 10,000 then the cash flow from operating activities will be:

Question: If net profit is â‚¹ 35,000 after writing off good will â‚¹ 6,000 and loss on sale of furniture â‚¹ 1,000, cash flow from operating activities will be :

Question: Issue of shares in consideration of purchase of plant and machinery results into :

Question: Liquid Assets include :

Question: Liquid Ratio is also known as:

Question: Operating Ratio is:

Question: Preparation of cash flow statement is :

Question: Profitability Ratio is generally shown in :

Question: Profitability Ratios are generally expressed in :

Question: Proprietory Ratio indicates the relationship between proprietorâ€™s funds andâ€¦.

Question: Ratio based on figures of profit & loss as well a the Balance sheet are:

Question: Stock turnover ratio comes under :

Question: The following groups of ratios primarily measure risk

Question: The formula for finding out Debt-Equity Ratio is:

Question: The gross profit ratio is the ratio of gross profit to :

Question: The ideal current ratio is :

Question: The ideal liquid ratio is :

Question: The ratios are primarily measures of earning capacity of the business.

Question: The satisfactory ratio between internal and external equity is. :

Question: The term â€˜Current Liabilitiesâ€™ does not include: .

Question: The term fixed assets include :

Question: The termâ€˜Current Assetsâ€™include

Question: The two basic measures of liquidity are :

Question: To know the return on investment, by capital employed we mean:

Question: To test the liquidity of a concern which of the following ratios is useful ?

Question: Total Assets â‚¹ 7,70,000 Total Liabilities â‚¹ 2,60,000 Current Liabilities â‚¹ 40,000 Total Assets to Debt Ratio is:

Question: Total Assets â‚¹ 8,10,000 Total Liabilities â‚¹ 2,60,000 Current Liabilities â‚¹ 40,000 Debt-equity ratio is:

Question: What does Creditors Turnover Ratio take into account:

Question: When Cash is 7 10,000 Stock is 7 25,000, B/R is 7 5,000 Creditors is 7 22,000 and Bank Overdraft is 7 8,000 then current ratio is :

Question: When Financial Statements of two or more organisations are analysed, it is called :

Question: When opening stock is â‚¹ 50,000 closing stock â‚¹ 60,000 and cost of goods sold is â‚¹ 2,20,000, then stock turn over ratio is:

Question: Which of the following assets is not taken into consideration in calculating acid-test ratio ?

Question: Which of the following is a type of Financial Analysis on the basis of material used ?

Question: Which of the following is an example of Cash Flow from Operating Activities ?

Question: Which of the following is an operatingâ€™ income ?

Question: Which Of the following is limitation of financial analysis ?

Question: Which of the following is not the limitations of financial analysis ?

Question: Which of the following non-operating expense?

Question: Which of the following statement correct ?

Question: Which of the following transactions will improve the current ratio ?

Question: Which one of the following ratios is most important in determining the long-term solvency of a company ?

Question: While calculating cash flow from operating activities, which will be added ?

Question: While calculating cash flow from operating netivities which will be deducted ?

More MCQS

Learn MCQ Questions for Class 12 Accountancy set-10,Learn ICSE XII Objetive choice questions and answers,ICSE XII Multiple choice questions and answers,ICSE XII objective, ICSE XII questions , ICSE XII answers,ICSE XII MCQs questions and answer

R4R Team

Question:
Cash from operating activities will decrease due to :

Question:
Cash sales in :

Question:
Cost of goods sold :

Question:
Current Ratio =

Question:
Current Ratio includes:

Question:
Debt-equity ratio is :

Question:
Equity share capital â‚¹ 15,00,000 Reserve and Surplus â‚¹ 7,50,000 Total Assets â‚¹ 45,00,000 Properletory Ratio ?

Question:
If net profit is 7 50,000 after writing off goodwill 7 10,000 then the cash flow from operating activities will be:

Question:
If net profit is â‚¹ 35,000 after writing off good will â‚¹ 6,000 and loss on sale of furniture â‚¹ 1,000, cash flow from operating activities will be :

Question:
Issue of shares in consideration of purchase of plant and machinery results into :

Question:
Liquid Assets include :

Question:
Liquid Ratio is also known as:

Question:
Operating Ratio is:

Question:
Preparation of cash flow statement is :

Question:
Profitability Ratio is generally shown in :

Question:
Profitability Ratios are generally expressed in :

Question:
Proprietory Ratio indicates the relationship between proprietorâ€™s funds andâ€¦.

Question:
Ratio based on figures of profit & loss as well a the Balance sheet are:

Question:
Stock turnover ratio comes under :

Question:
The following groups of ratios primarily measure risk

Question:
The formula for finding out Debt-Equity Ratio is:

Question:
The gross profit ratio is the ratio of gross profit to :

Question:
The ideal current ratio is :

Question:
The ideal liquid ratio is :

Question:
The ratios are primarily measures of earning capacity of the business.

Question:
The satisfactory ratio between internal and external equity is. :

Question:
The term â€˜Current Liabilitiesâ€™ does not include: .

Question:
The term fixed assets include :

Question:
The termâ€˜Current Assetsâ€™include

Question:
The two basic measures of liquidity are :

Question:
To know the return on investment, by capital employed we mean:

Question:
To test the liquidity of a concern which of the following ratios is useful ?

Question:
Total Assets â‚¹ 7,70,000 Total Liabilities â‚¹ 2,60,000 Current Liabilities â‚¹ 40,000 Total Assets to Debt Ratio is:

Question:
Total Assets â‚¹ 8,10,000 Total Liabilities â‚¹ 2,60,000 Current Liabilities â‚¹ 40,000 Debt-equity ratio is:

Question:
What does Creditors Turnover Ratio take into account:

Question:
When Cash is 7 10,000 Stock is 7 25,000, B/R is 7 5,000 Creditors is 7 22,000 and Bank Overdraft is 7 8,000 then current ratio is :

Question:
When Financial Statements of two or more organisations are analysed, it is called :

Question:
When opening stock is â‚¹ 50,000 closing stock â‚¹ 60,000 and cost of goods sold is â‚¹ 2,20,000, then stock turn over ratio is:

Question:
Which of the following assets is not taken into consideration in calculating acid-test ratio ?

Question:
Which of the following is a type of Financial Analysis on the basis of material used ?

Question:
Which of the following is an example of Cash Flow from Operating Activities ?

Question:
Which of the following is an operatingâ€™ income ?

Question:
Which Of the following is limitation of financial analysis ?

Question:
Which of the following is not the limitations of financial analysis ?

Question:
Which of the following non-operating expense?

Question:
Which of the following statement correct ?

Question:
Which of the following transactions will improve the current ratio ?

Question:
Which one of the following ratios is most important in determining the long-term solvency of a company ?

Question:
While calculating cash flow from operating activities, which will be added ?

Question:
While calculating cash flow from operating netivities which will be deducted ?