
ISC ACCOUNTS XII
Quiz by Nithitha Fernando
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When shares are allotted, the account credited is __________.
Dividend is paid on ____________.   Â
Revenue from Operation Rs. 4,50,000; Gross Profit 25 % on Cost; Operating Expenses Rs.45,000. What will be the Operating Ratio _____________.
Cash Sales Rs 5,00,000; CreditSales Rs 6,00,000; Sales Return from Credit Sales Rs 1,00,000; Current AssetsRs 3,00,000 and Current Liabilities Rs 1,00,000.
What will be the Working Capital Turnover Ratio?
Current Assets ₹ 5,00,000;Inventories ₹ 75,000;Prepaid Expenses 25,000 , Working Capital ₹ 3,00,000.
What will be the Liquid Ratio ?
Total Debt ₹ 36,00,000; Shareholders' Funds ₹ 6,00,000; Reserves and Surplus ₹ 1,50,000; CurrentAssets ₹ 15,00,000; Working Capital ₹ 3,00,000. Debt to Total AssetsRatio will be ___________.
If a fixed amount is withdrawn by a partner on the first day of every month, interest on the total amount is charged for …………… monthsÂ
In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during the year for personal expenses. If interest on drawings is charged @ 6% p.a. the interest charged will be _________
Anuradha is a partner in a firm. She withdrew ₹6,000 in the beginning of each quarter during the year ended 31stMarch, 2019. Interest on her drawings @ 10% p.a. will be ______________.
Partnership Agreement can be _________.
The interest on Partner’s Capital Accounts is to be credited to ___________.
In the absence or of any Partnership Agreement, the profits or losses of the
firm are divided ___________
Which of the following is not the feature of partnership _________.
Which of the following is an appropriation of profit ____________.
For the firm, interest on drawing is a ____________
In the absence of partnership deed, partners, are not entitled to receive ____________.
Revaluation Account is a________________ Account.
What time would be taken into consideration if equal monthly amount is drawn as drawings at the beginning of each month?
What balance does a partner’s current account has?
A draws 1,000 per month on the last day of every month. If the rate of interest on drawing 5 % p.a. then the total interest on drawings will be ________.