Most Important & Most Repeated MCQs

  • External reconstruction
  • Amalgamation
  • Absorption
  • None of these
  • b
  • Amalgamation is a combination of two companies to form a new company.

  • Cash book and bank book
  • Trial balance
  • Ledger balances, cash and bank balances
  • Ledger balance
  • b
  • Trading & Profit & Loss account provides information about profit and loss through different trading activities and also shows profit and loss for the specific period.

  • Pay out ratio
  • Retained earnings ratio
  • Earnings per share
  • Price earnings ratio
  • b
  • Formula
    RE= RE0-NI-D
    (RE represents Retained Earnings, RE0 represents Beginning Retained Earnings, NI represents Net Income Profit / Loss, D represents Dividends)

  • Accomplishment of goals or objectives by all means
  • Management of the business
  • The process of assigning duties to individuals to achieve goals or objectives
  • None of these
  • a
  • Horizontal comparison
  • Both B & C
  • Vertical comparison
  • None of these
  • c
  • In Horizontal Comparison, Account Balances ratio are calculating in different time period.

  • Effectiveness of control
  • Existence of control
  • Continuous of control
  • Designing of control
  • b
  • Overdraft balance as per cash book
  • Unfavorable balance as per cash book
  • Unfavorable balance as per bank book
  • None of the above
  • c