accounts 14 chp
Quiz by Dhruv Tandel
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- Q1
Quick Assets = ?
Current assets - inventory + prepaid expenses
Current assets - prepaid expenses
Current assets - inventory - prepaid expenses
Current assets + inventory - prepaid expenses
120s - Q2
Credit Revenue from Operations is 7,00,000, Cash Revenue from Operations is1,00,000. Cost of Revenue from Operations is 6,40,000, then Gross Profit Ratio will be
20%
18%
25%
15%
120s - Q3
If the Cost of Revenue from Operations is 2,00,000, the value of Opening Inventory is T 40,000 and the value of Closing Inventory is 60,000, the Inventory Turnover Ratio will be equal to
4 times
5 times
3.33 times
2 times
120s - Q4
The Revenue from Operations of Gama Ltd. is R 14,00,000
Commission received is 5,000
Operating expenses are 75,000
Its Gross profit is 9,00,000
Profit from sale of fixed asset is 10,000
120s