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1-MCQ ACCOUNTS XII ISC

Quiz by Priti lade

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20 questions
Show answers
  • Q1

    1.Two basic measures of liquidity are:

    Current ratio and Quick ratio

    Inventory turnover and Current ratio

    Gross Profit ratio and Operating ratio    

     Current ratio and average Collection period

    20s
  • Q2

    2. Current ratio is:

    Activity Ratio

    Liquidity ratio

    Solvency Ratio

    Profitability Ratio

    20s
  • Q3

     3. Current Ratio is :

    Liquid Assets /Current Assets

    Fixed Assets/Current Assets

    Current Assets / Current Liabilities

    Liquid assets/Current Liabilities

    20s
  • Q4

    4. Liquid Assets do not include:

     Inventory

     Bank Balance

     Debtors

    Bills Receivable

    20s
  • Q5

    5. Ideal Current Ratio is:

     1:1

    2:1

    1:3

    1:2

    20s
  • Q6

    6. Working Capital is the :

     Cash and Bank Balance

     Difference between Current Assets and Fixed assets

     Capital borrowed from Banks

    Difference between Current Assets and Current Liabilities

    20s
  • Q7

    7. Current assets include only those assets which are expected to be realized within……

    1 year

    2 years

     3 months

     6 months

    20s
  • Q8

     8. A Company’s liquid assets are Rs.5,00,000and its current liabilities are Rs.3,00,000.Thereafter, it paid Rs.1,00,000 to its trade payables. Quick ratio will be:

     2.5:1

    1.67:1

    2:1

     1.33:1

    20s
  • Q9

    9. A Company’s Quick Ratio is 1.5:1; Current Liabilities are Rs.2,00,000 and Inventory is Rs.1,80,000.Current Ratio will be:

    2.4:1

     1.9:1

    1.4:1

     0.9:1

    20s
  • Q10

      10. Fixed Assets Rs.5,00,000; Current AssetsRs.3,00,000; Equity Share Capital Rs.4,00,000; Reserve Rs.2,00,000;Long –term debts Rs.40,000.Proprietory Ratio will be:

    133%

     75%

     125%

     80%

    20s
  • Q11

    11. If Debt equity ratio exceeds ……………., it indicates risky financial position.

    1:1

    1:2

     2:1

    3:1

    20s
  • Q12

     12. Equity Share Capital Rs.20,00,000; ReservesRs.5,00,000; Debentures Rs.10,00,000; Current Liabilities Rs.8,00,000.Debt-equity ratio will be:

    0.4: 1

    0.32 : 1

    0.5 : 1

     0.72 : 1

    20s
  • Q13

    13.On the basis  of following data, the Debt-EquityRatio of a Company will be: Equity Share Capital Rs.5,00,000; General ReserveRs.3,20,000; Preliminary Expenses Rs.20,000; Debentures Rs.3,20,000;Preliminary Expenses Rs.20,000; Debentures Rs.3,20,000; Current LiabilitiesRs.80,000.

     0.4:1

    0.37:1

    0.52:1

    1:2

    20s
  • Q14

    14. On the basis of the following information received from a firm, its Proprietory Ratio will be:

    Fixed Assets Rs.3,30,000; Current Assets Rs.1,90,000;Preliminary Expenses Rs.30,000; Equity share Capital Rs.2,44,000; Preference Share capital Rs.1,70,000; Reserve Fund Rs.58,000.

      80%

    90%

    85%

    70%

    20s
  • Q15

    15. On the basis of the following information received from a firm, its Total Assets-Debt ratio will be:

    60%

    40%

    30%

    70%

    20s

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