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accounts 14 chp

Quiz by Dhruv Tandel

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4 questions
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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

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