Most Important & Most Repeated MCQs

  • At market price
  • At cost or market whichever is less
  • At cost price
  • At cost less market price
  • b
  • 20
  • 40
  • 60
  • 70
  • a
  • There may be minimum 02 and maximum 20 partners in a Partnership Business.

  • Investments
  • Assets
  • Capital
  • Reserves
  • C
  • Equity Shareholders are called Owner of the firm / Organization / Company.

  • To value the property of the company
  • To help people make decisions about resource allocation
  • To show managers the results of their departments
  • To show the value of shares in the company
  • b
  • Financial Report / Statement represents the position of business.

  • 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.