EN3HS04 Fundamentals of Management,Economics and Accountancy Your email address (ent7es301182@medicaps.2e.in) will be recorded when you submit thie form. Not you? Switch account Required Double entry accounting requires that :* 1 port © Mlnsactions that erate debits to asset accounts must create ced laity or capital accounts; © Atenseetion htsequies a debit to atsity acount requie ard toon asset account © ‘very trancaction must be recorded ith equa cet equ total eet, O None ofthe above Which of the following account will be credited in the books of XYZ.Co. Ltd, + poi if the business purchased a vehicle though cheque? * © Veticte account © Bank account © cashaccount O Business coount What Is fll form of GAAP * 1 pont Generally Accepted Accounting Principles Utlity isan economic term used to represent " + port © approval © consent @ Satisfaction O dissatisfactionThe ideal debt equity ratio is:* On Ow Ous On What Is time value of money * Your answer Utility derived from the consumption of last unit Is termed as * © None ofthe above © Texatutity © Marginat wiry O Average usty ‘Accounting provides information on: * © costend income of managers © Company’ tax liability fora particular year © Financia condition of an nstutlons O Alottne above 1 point 1 point 1 pate Perfect competition describes a market structure, where a large number of» poi firms compete against each other. * large medium small allot the above @ooo Write full form of EBIT * 4 poiEarnings Before Interest and Taxes The accounting concept that refers to the tendency of accountants topo resolve uncertainty and doubt in favour of understating assets and revenues and overstating liablities and expenses Is known as revenue realisation Objectivity Consistency o0o0o°0 Conservatism The law of demand means? * 1 pote © Asthe price rises, the quantity demanded rises © Aste price rises, the quanty demandes fli © Asthe quantity demanded rises, the price rises (© As supply rises the demand rises Write three types of decisions concerned with financial management? * + poi Your answer The term “Capital Structure” indicate to:* + poi © Long term debt, prefered stock and commen stock equity © sharehoisers' equity © Teta asset minus tities O Allotthe above The capital budget is associated with. * 1 pon © shor term assets © Long terms and short tems assets © Long terms assets OV Five aceateDefine Break even point * 2 pain Your answer Finance function comprises: * » pain O Sstecustody of funds only © Procurement of nance only O Expenditure of funds only O Procurement &eective use of finds The assets that can be converted into cash within short period (One year pon cor less) are known as: * O Fined assets © curent assets © tnvestments O imangile assets Who Is considered the founder of Microeconomics: * 1 point © Mion Friedman O Frieden Hoyer O John keynes © Adar smith The concept of Financial management is. * 1 pont © Ertective Management of every company © Ailteatues of obtaining and using financial resources for company operations © organization of unde O Prost meximizatonNet profits computed in the:* 1 O Tabatance O Batancesheet © Profit and oss account © Trating account The profits after Interest and taxes Is divided in two parts. The following Is + point most appropriate explanation: * © Reserves ar for larger shareholders © Profits ae for dstibution amongst shareholders © Profits ven onthe betis of income tex ars O Reservers are used for reducing debts Net factory cost is calculated by: * 1 pont © Aang opening WIP and reducing closing WIP to Gross factory cost, © Adding opening WIP and and factory ent to Gross factory cost © Adding losing WIP and reducing opening WIP 1 Gros factory cost, © Aang opening finshed goods and reducing closing finshed to Gross factory cost are those cost that vary depending on a company’s production pars volume; they rise es production increases and fall es production decreases. O implicit cost O Verebie cost O Fired cost O Eenlict cost The only feasible purpose of financial management is * 1 pin © profit mesmization © Wear Maxiisation © assets meximizaton Oo sales maximizationWrite six phases of business cycle * Your answer A book containing all accounts of a business enterprise Is known as O iowa: © ledger O witboionce O attri above ‘Cosnumer equiliorium is where Marginal tlity of product divided by ‘marginal utility of rupee becomes equal to:* O one O Merage Cost © Texautity O Prive ‘The law of supply says that at higher prices, sellers will supply ‘an economic good. * O ress © more © eat O ene atthe ebove Which of the following account will be debited if the business's owner withdraws cash from business for his personel use: * O sree © drawings © ausiness O con 1 pont 1 pont 1 pont of por 1 pot‘A copy of your responses will be emailed to en17¢s301182@medicaps.ac.in. om tee Never submit passwords trough Google Forms. “Thisfor was crested inside of Med Caps Unversity Indore Report Abuse Google Forms