Advance Accountancy

MCQ’s on Advanced Accountancy B. Com. III sem.
VI, ( SU )
B. Com. III, Sem. VI,

Shivaji University, Kolhapur..
Multiple Choice Questions on

Advanced Accountancy
As per CBCS Pattern,
Introduced from June 2020.
Units :-
1) Elements of Cost
2) Financial Statements Analysis
3) Cash Flow Analysis
4) GST Accounting with practicals using Tally part - II
===============================
1. Which of the following is included in Elements of Cost.
a. Materials
b. Labour
c. Other Expenses
d. All of the above.
2. Material + Direct Labour + ----------- = Prime Cost.

a. Other Expenses
b. Direct Expenses
c. Factory Expenses
d. Office Expenses.
For detail answer explanation search YouTube :- Prerna Class, Satara. 1

Mob. No. 8983436405.
MCQ’s on Advanced Accountancy B. Com. III sem. VI, ( SU )
3. Prime Cost + Production Overheads = --------.

a. Factory Cost
b. Works Cost
c. A & B
d. Factory Overhead
4. Factory Cost + Administrative Overheads = -------.

a. Cost of Production
b. Cost of Sales
c. Cost of Goods sold
d. All of the above
5. Cost of Production + Selling & Distribution Overhead = ------.

a. Cost of Sales
b. Total Cost
c. A & B
d. Cost of Goods sold
6. Bricks used in construction of buildings is cost of.

a. Direct material
b. Indirect material
c. Store material
d. None of the above
7. The expenses which can not be directly allocated to cost centre or cost unit is
called as.
a. Direct Expenses
b. Direct labour
c. Direct material
d. None of the above.
8. Which of the following is not included in Factory Overheads.

a. Factory Rent
b. Depreciation of plant and machinery
c. Depreciation on furniture
Mob. No. 8983436405.
d. Factory Insurance
9. A statement of expenditure incurred on production for a given period is called

as.
a. Profit & loss A/c
b. Cost Sheet
c. Balance Sheet
d. Job sheet
10. -------- method is useful for Colliery, suger mill, Flour mill, Textile mill, Cement
factory etc.
a. Unit Costing
b. Job Costing
c. Contract Costing
d. Process Costing
11. ---------- is unit of quantity of a product or service or time in relation to which

cost may be ascertained & expressed.
a. Cost centre
b. Cost Unit
c. A & B
12. --------- is a location, person or item of equipment for which cost may be
ascertained & used for the purpose of cost control.
a. Cost Centre
b. Cost Unit
c. A & B
13. Which of the following is not included in type of cost centres.

a. Personal Cost Centre
b. Impersonal Cost Centre
c. Operation Cost Centre
d. Profit Centre.
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14. Which of the following expenses excluded from total cost ( Cost Sheet).
a. Capital Expenses
b. Capital losses
c. Abnormal losses
15. Expenses incurred in obtaining and maintaining the customer for product are
called as.
a. Selling expenses
b. Distribution expenses
c. Office expenses
d. Administrative expenses
16. Which of the following expenses not included in cost sheet.

a. Interest on capital
b. Salary to propritor
c. Goodwill written off
17. Expenses incurred in dispatching and delivering the finished goods to customers
are called as.
a. Selling expenses
b. Distribution expenses
c. Office expenses
d. Administrative expenses
18. The aggregate of indirect material, indirect labour, indirect expenses is called
as.
a. Overheads
b. On-cost
c. A & B
d. Office overheads

Mob. No. 8983436405.
19. Which of the following is type of overheads.

a. Factory Overheads
b. Office Overheads
c. Selling & Distribution Overheads
20. Drawing Office Salary is included in -------.

a. Office Overheads
b. Factory Overheads
c. Selling Overheads
d. Distribution Overheads
21. Counting Office Salary is included in ------.

a. Administrative Overheads
b. Factory Overheads
d. Distribution Overheads
22. Preliminary expenses is included in ------

b. Office Overheads
c. Selling & Distribution Overheads
23. Which of the following is not included in Selling Overheads.

a. Store keeper wages
b. Warehouse charges
c. Godown charges
24. Transfer fees is included in ------.

b. Office Overheads
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25. Opening Stock of raw material + Purchases of raw material (-) Closing Stock of
raw material =-------.
a. Consumption of raw material
b. Use of raw material
c. A & B
26. The consumption of raw material ₹ 18000, Opening Stock of raw material ₹
3000, Closing stock of raw material ₹ 4000. What is amount of purchases or
raw material.
a. 19000
b. 17000
c. 18000
d. 20000
27. The Prime Cost ₹ 130000, Direct Labour ₹ 25000, Direct Expenses ₹ 5000.
What is amount of Direct material consumption.
a. 160000
b. 150000
c. 100000
d. 90000.
28. Machine hours worked 1000 hours, machine hour rate is ₹ 2.5 per hour. What
is amount of Factory Overheads.
a. 2500
b. 250
c. 25000
d. 1000
29. Units produced during the period 20000, Opening units 2000, & Closing units
3000. What are the number of units sold.
a. 19000
b. 20000
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c. 21000
d. 25000
30. Heat Light & Power ₹ 65000, it is to be distributed to Factory, Office & Selling
Overheads in the ratio of 8:1:1. Distribute the amount.
a. 52000, 6500, 6500
b. 53000, 6000, 6000
c. 51000, 7000, 7000
d. 6500, 6500, 52000
31. The Labour Cost is as 20 skilled worker at ₹ 1200 per day for 25 days, 15 semi-
skilled worker at ₹ 800 per day for 20 days & 10 labours at ₹ 500 per day for 25
days. What is cost of direct labour.
a. 925000
b. 965000
c. 940000
d. 840000
32. The Direct wages ₹ 20,000. The factory overheads are at 125% of direct wages.
What is amount of factory overheads ?
a. 25000
b. 24000
c. 22500
d. 20000
33. The Selling & Distribution Overheads ₹ 2 per unit sold, Units produced during
the period 10000, opening units 1000, & closing units 2000. What is amount of
Selling & Distribution Overheads ?
a. 20000
b. 19000
c. 18000
d. 22000
34. The productive wages ₹ 120000, & Factory Overheads ₹ 24000. What is
percentage of Factory Overheads to Direct Labour.
Mob. No. 8983436405.
a. 15%
b. 18%
c. 19%
d. 20%
35. The total Cost ₹ 459000, Profit is 10% on Selling Price. What is amount of Sales
?
a. 459000
b. 510000
c. 504900
d. 505000
36. The direct wages ₹ 4,44,444. & Factory overheads ₹ 1,11,111. What is
percentage of Factory Overheads to Direct Labour ?
a. 25%
b. 20%
c. 33.33%
d. 10%
37. The material cost ₹ 80000, Direct wages ₹ 120000, the manufacturing cost is
25% of combined cost of material & wages. What is manufacturing cost.
a. 60000
b. 50000
c. 40000
d. 30000
38. The cost of Sales ₹ 370000, Profit is 15% on cost, What is amount of sales.
a. 425500
b. 425000
c. 422500
d. 423500
39. The cost of Sales ₹ 200000. Profit is 20% on sales. What is amount of profit.
a. 40000
b. 50000
Mob. No. 8983436405.
c. 30000
d. 20000
40. Following expenditure is not a non cost expenses.

a. Advertisement
b. Bank Charges
c. Preliminary expenses
d. Dividend received
41. Which of the following expenses is not direct or chargeable to production.

a. Royalty
b. Excise Duty
c. Supervision charges
d. Hire of special equipment
42. The Total Cost of Production (+) Cost of Opening Stock of finished products (-
) cost of Closing Stock of finished products. = ----------.
a. Cost of Goods sold
b. Cost of Production
c. Total Cost
d. Cost of Finished Goods
43. Works Cost (+) Administrative Overheads = --------

a. Factory Cost
b. Cost of Production
c. Total Cost
d. Prime Cost
44. Haulage cost is included in -------.

a. Office overheads
b. Factory overheads
c. Selling overheads
d. Distribution overheads

Mob. No. 8983436405.
45. The cost of lubricant, oil etc. is included in --------.

a. Factory overheads
b. Office overheads
c. Selling overheads
d. Distribution overheads
46. The relation between two figure is called as.

a. Ratio
b. Average
c. Profit
d. Percentage
47. The ratio may be expressed in.

a. Times
b. Proportion
c. Percentage
d. Any of the above
48. ------- is a powerful too of financial analysis

a. Ratio Analysis
b. Ratio
c. Cash Flow Statement
d. Trend Analysis
49. Which of the following is included as objectives of the ratio analysis.

a. Inter-firm and intra-firm comparison
b. Reveals the Financial Position
c. Trend Analysis
50. Capital employed = Shareholders Fund (+) --------.

a. Long term loans
b. Short term loans
c. Current liabilities
d. Other liabilities
Mob. No. 8983436405.
51. Gross Profit (+) operating incomes (-) operating expenses = -------------.
a. Operating Losses
b. Operating Profit
c. Net Profit
d. Net loss.
52. The assets which are converted into cash within 12 months or a normal cycle of
the business.
a. Fixed assets
b. Fictitious assets
c. Current assets
d. Investment
53. Share Capital (+) Reserves (-) Losses = --------.

a. Shareholders Fund
b. Proprietors Fund
c. Net Worth
54. The liabilities are to be paid within 12 months period are called as.
a. Current liabilities
b. Short term liabilities
c. A & B
d. Fixed Liabilities
55. All current assets excluding stocks & pre-paid expenses.

a. Quick Assets
b. Liquid Assets
c. A & B
d. Current assets
56. Current liabilities excluding Bank Overdraft & Accrued expenses.

a. Liquid liabilities
b. Current liabilities
c. Fixed Liabilities
Mob. No. 8983436405.
d. None of these.
57. Rapid expansion without sufficient working capital.

a. Under trading
b. Over trading
c. Non trading
d. Commercial trading
58. Traditional classification of ratio includes

a. Profit & Loss Ratios
b. Balance Sheet Ratio
c. Composite Ratio
59. Functional classification of ratio includes.

a. Profitability ratio
b. Activity ratio
c. Solvency ratio
60. Current Assets ÷ Current Liabilities = ---------

a. Current ratio
b. Quick ratio
c. Liquid ratio
61. Standard of current ratio is.

a. 1:1
b. 1:2
c. 2:1
d. 1:3
62. Quick Assets ÷ Quick liabilities = --------.

a. Quick ratio
b. Liquid ratio
Mob. No. 8983436405.
c. Acid test ratio

63. The standard of quick ratio is.

a. 1:1
b. 1:2
c. 2:1
d. 1:3
64. Which of the following is not included in quick assets.

a. Sundry Debtors
b. Bills Receivable
c. Stock in trade/ Inventory
d. Cash / Bank balance.
65. Which is not a current assets.

a. Cash/Bank Balance
b. Pre-paid Expenses
c. Pre-paid Insurance
d. Preliminary Expenses
66. Which of the following is not included in quick liabilities.

a. Sundry Creditors
b. Bills Payable
c. Accounts Payable
d. Bank Overdraft
67. Which is not a Current Assets.

a. Inventory
b. Marketable Securities
c. Non marketable Securities
d. Short term Investment
68. Which is not Current Liabilities.

a. Bank Overdraft
Mob. No. 8983436405.
b. Sundry Creditors
c. Bills Payable
d. Debentures
69. Which is not a intangible assets.

a. Patents
b. Goodwill
c. Trade Mark
d. Petty Cash
70. Which is not a tangible assets.

a. Premises
b. Freehold premises
c. Copy rights
d. Leasehold premises
71. Which is not a Short term Solvency Ratio (liquid ratio).

a. Current ratio
b. Quick ratio
c. Liquid ratio
d. Debt equity ratio
72. Which is not a long term Solvency Ratio.

a. Debt to total assets ratio
b. Debt Equity ratio
c. Absolute cash ratio
d. Non current assets ratio
73. Which is not Activity Ratio.

a. Stock Turnover ratio
b. Debtors Turnover ratio
c. Fixed Assets Turnover ratio
d. Interest Coverage ratio

Mob. No. 8983436405.
74. Which is not profitability Ratio

a. Working Capital ratio
b. Gross Profit Ratio
c. Net Profit ratio
d. Return on equity ratio.
75. Sales (-) Gross Profit = ---------.

a. Purchases
b. Cost
c. Gross Loss
d. Cost of Goods sold
76. Opening Stock (+) Purchases (+) Expenses on purchases (-) Closing Stock = --
-----.
a. Cost of Purchase
b. Cost of goods sold
c. Purchase
d. Gross Loss.
77. (Gross Profit ÷ Sales) × 100 = ------.

a. Net Profit Ratio
b. Gross Profit Ratio
c. Current Ratio
d. Return on Equity
78. ( Opening Stock + Closing Stock ) ÷ 2 = --------

a. Average Stock
b. Average Inventory
c. A & B
d. Cost of Sales.
79. Sales ₹ 5,00,000, Gross Profit ₹ 2,00,000. Gross Profit Ratio is.
a. 20%
b. 25%
c. 30%
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d. 40%
80. Sales ₹ 20,00,000, Cost of Sales ₹ 15,00,000, Gross Profit Ratio is.
a. 20%
b. 25%
c. 30%
d. 33.33%
81. Sales ₹ 30,00,000. Net Profit ₹ 10,00,000. Net Profit Ratio is.
a. 20%
b. 25%
c. 30%
d. 33.33%
82. Sales ₹ 20,00,000. Gross Profit ₹ 4,00,000. Average Inventory ₹ 2,50,000. Stock
Turnover Ratio is.
a. 6 times
b. 6.4 times
c. 6.5 times
d. 6.8 times.
83. Equity Share Capital ₹ 5,00,000. 7% Preference Shares Capital ₹ 1,00,000.

Reserve Fund ₹ 4,00,000. Preliminary expenses ₹ 80,000 Share holders Fund
is.
a. 10,80,000
b. 9,20,000
c. 8,20,000
d. 5,20,000
84. Sales ₹ 3,00,000. Operating Profit ₹ 18,000. Operating Profit Ratio is.
a. 5%
b. 6%
c. 8%
d. 10%

Mob. No. 8983436405.
85. Average Stock ₹ 8,00,000. Closing Stock is ₹ 10,000 more than Opening Stock.
What is amount of Closing Stock.
a. 8,05,000
b. 8,10,000
c. 7,90,000
d. 4,05,000
86. Current Assets ₹ 5,00,000. Current Liabilities ₹ 2,00,000. Current ratio is.
a. 2:5
b. 2.5:1
c. 2:1
d. 1:2
87. Current Assets ₹ 1,50,000. Current Liabilities ₹ 50,000 (excluding Bank

Overdraft ). Stock ₹ 75,000. Quick ratio is.
a. 1.5:1
b. 1.5:2
c. 3:1
d. 1:1
88. Current ratio is 2.5, Working Capital ₹ 60,000. Current Assets are.
a. 40,000
b. 60,000
c. 1,00,000
d. 1,50,000
89. Liquid ratio is 1.5:1, Current Assets ₹ 1,00,000, Liquid liabilities ₹ 30,000.
What is amount of Stock ?
a. 55,000
b. 45,000
c. 70,000
d. 65,000
90. Proprietary ratio is 3/4th , Working Capital ₹ 60,000. What is amount of

Proprietor’s Fund ?
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a. 1,80,000
b. 2,00,000
c. 2,40,000
d. 2,50,000
91. Gross Profit Ratio is 25%, Gross Profit ₹ 3,00,000. What is amount of Sales ?
a. 10,00,000
b. 12,00,000
c. 15,00,000
d. 18,00,000
92. Net Profit Ratio is 15%, Sales ₹ 12,00,000. What is amount of Net Profit ?
a. 1,80,000
b. 1,60,000
c. 1,50,000
d. 1,20,000
93. Net Profit ₹ 10,00,000, Dividend payable on preference shares ₹ 2,00,000. The
number of equity shares 80,000. What is Earnings Per Share (EPS) ?
a. 100
b. 80
c. 60
d. 10
94. The ------- ratios are primarily measures of return.

a. Activity
b. Debt
c. Profitability
d. Equities
95. The ------- is useful in evaluating credit & collection policies.

a. Current Ratio
b. Debtors Turnover Ratio
c. Current Assets Turnover Ratio
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d. Quick Ratio
96. ----------- is a statement of financial analysis which summarizes the change in

the amount of cash for particular period.
a. Cash Flow Statement
b. Funds Flow Statement
c. Profit & Loss Statement
d. Balance Sheet Statement
97. Cash Flow Statement is prepared in accordance with -------.

a. AS-2
b. AS-3
c. AS-4
d. AS-5
98. Classification of cash flow involves.

a. Operating Activity
b. Investing Activity
c. Financing Activity
99. The cash flows arising from the purchase and sale of dealings or trading is called
as.
d. All of the above
100. The cash flow represent the extent to which expenditures have been made for
resources intended to generate future income & cash flows.
d. All of the above

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101. The activities regarding raising capital, loans or reducing capital, loans are
called as.
d. All of the above
102. The amount of cash spent or paid is termed as.

a. Cash Inflow
b. Cash Outflow
c. A & B
103. Cash deposited into Bank result in.

a. Cash Inflow
b. Cash Outflow
c. No flow of Cash
d. A & B
104. Proceeds from sale of Investment, is classified under the head.

b. Financing Activity
c. Investing Activity
105. The Refund of Income tax received, is classified under the head.
d. All of the above
106. Commission & Royalty received, Which type of activity will you classify
,while preparing cash flow statement.
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107. While preparing Cash Flow Statement, Payment of dividend is ------ activity
for every Business Enterprises.
108. Under which type of activity will you classify ' proceeds from sale of Patents'
while preparing Cash Flow Statement.
109. Old furniture written off, would result in.

a. Cash Outflow
b. Cash Inflow
c. A & B
d. No flow of Cash
110. Under which type of activity will you classify ‘Interest paid on long term
borrowings' while preparing Cash Flow Statement.
111. Discount received on making payment to suppliers, would results into.

a. Cash Outflow
b. Cash Outflow
c. No flow of Cash
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112. What is net amount of ‘Source’ or ‘Use’ of cash, when fixed assets (having
book value of ₹ 15000) is sold at a loss of ₹ 5000.
a. Source of ₹ 10,000
b. Use of ₹ 10,000
c. Source of ₹ 15000
d. Use of ₹ 15000
113. Cash equivalents includes.

a. Cash at Bank
b. Short-term Investment
c. A & B
d. Inventory
114. Cash equivalents include items such as.

a. Treasury Bills
b. Market Instruments
c. Fixed Deposit for 30 days
d. All of the above
115. Which of the following include in Financing Activity that result into inflow of
cash.
a. Proceeds from Issue of Share Capital
b. Proceeds from loan taken from bank
c. Proceeds from sale of Building
d. A & B
116. Machinery costing ₹ 50,000 on which ₹ 10,000 depreciation has been

accumulated, was sold at profit of ₹ 10,000. What is amount of flow of Cash.
a. 40,000
b. 50,000
c. 30,000
d. 60,000.
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117. Indian Accounting Standard 3 issued by ------.

a. Company Act.
b. SEBI
c. Government
d. ICAI
118. Changes in working capital are adjusted in ------ activities in cash flow
statement.
119. An investment normally qualifies as cash equivalents only when it is short

maturity, of say --------- months or less, from the date of purchase.
a. Twelve
b. Nine
c. Six
d. Three
120. Profit on sales of fixed assets is -------- to/from funds from operating activities
in cash flow statement.
a. Added
b. Deducted
c. Enhanced
d. None of these
121. In case of a financial enterprises , interest paid, interest received, dividend

received are classified as -------- activity.
a. Operating
b. Financing
c. Investing

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122. In case of Non- financial enterprises interest paid, interest received, dividend
received are classified as ------- activity.
a. Operating
b. Financing
c. Investing
123. GST means

a. Goods and Services Tax
b. Good Services Tax
c. A & B
124. GST is --------.

a. Direct Tax
b. Indirect Tax
c. Gift Tax
d. Wealth Tax
125. CGST means

a. Central Goods & Services Tax
b. Common Goods & Services Tax
c. Common Gifts & Services Tax
126. SGST means

a. State Goods & Services Tax
b. Sale of Goods & Services Tax
c. Separated Goods and Services Tax
127. IGST means

a. Internal Goods and Services Tax
b. Integrated Goods and Services Tax
c. International Goods and Services Tax
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128. If the supply is intra-state, there will be.

a. CGST
b. SGST
c. IGST
d. A & B
129. If the supply is inter state , their will be

a. CGST
b. SGST
c. IGST
d. A & B
130. Taxable event for GST is.

a. Supply
b. Service
c. Manufacture
d. All of the above
131. A GST registered person is legally recognised as ---------- of goods or services.

a. Supplier
b. Consumer
c. Manufacturer
d. Investor
132. In general, the place of supply for services will be the location of the service -
------
a. Supplier
b. Recipient
c. Provider

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133. The Time of supply of goods shall be the earlier of the date of issue of ---------
-- by the Supplier or the date on which the supplier receives the payment with
respect to the supply.
a. Invoice
b. Debit Note
c. Credit Not
134. The correct determination of place of supply will help us in knowing the -------
---- of tax.
a. Level
b. Rate
c. Incidence
135. ------------- is Return Form to file every Month of outward supplies of goods
and/or services effected.
a. GST R-1
b. GST R-2
c. GST R-3
d. GST R-4
136. ------------ is Return Form to file every month of inward supplies of taxable
goods and/or services effected claiming input tax credit.
a. GST R-1
b. GST R-2
c. GST R-3
d. GST R-4
137. A registered person supplying taxable goods shall issue ---------- for supply of
goods on or before delivery of goods or making goods available to receipient.
a. Debit Note
b. Credit Note
c. Tax Invoice
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138. Rate of GST chargeable on Basic Savings Deposit account opened under the
PMJDY ( Pradhan Mantri Jan Dhan Yojana ).
a. 18%
b. 12%
c. 5%
d. Nil
========================

Mob. No. 8983436405.
Answer Sheet
1. d 2. b 3. c 4. a 5. c 6. a 7. d
8. c 9. b 10. a 11. c 12. c 13. d 14. d
15. a 16. d 17. b 18. c 19. d 20. b 21. a
22. d 23. a 24. d 25. c 26. a 27. c 28. a
29. a 30. a 31. b 32. a 33. c 34. d 35. b
36. a 37. b 38. a 39. b 40. a 41. c 42. a
43. b 44. b 45. a 46. a 47. d 48. a 49. d
50. a 51. b 52. c 53. d 54. c 55. c 56. a
57. b 58. d 59. d 60. a 61. c 62. d 63. a
64. c 65. d 66. d 67. c 68. d 69. d 70. c
71. d 72. c 73. d 74. a 75. d 76. b 77. b
78. c 79. d 80. b 81. d 82. b 83. b 84. b
85. a 86. b 87. a 88. c 89. a 90. c 91. d
92. a 93. d 94. c 95. b 96. a 97. b 98. d
99. a 100.b 101. c 102.b 103.c 104.c 105.a
106.a 107.c 108.b 109.d 110.c 111.c 112.a
113.c 114.d 115.d 116.b 117.d 118.a 119.d
120.b 121.a 122.b 123.a 124.b 125.a 126.a
127.b 128.d 129.c 130.a 131.a 132.b 133.a
134.c 135.a 136.b 137.c 138.d ----- ----

Mob. No. 8983436405.

Advance Accountancy

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MCQ’s on Advanced Accountancy B. Com. III sem.

B. Com. III, Sem. VI,

Multiple Choice Questions on

2. Material + Direct Labour + ----------- = Prime Cost.

For detail answer explanation search YouTube :- Prerna Class, Satara. 1

3. Prime Cost + Production Overheads = --------.

4. Factory Cost + Administrative Overheads = -------.

5. Cost of Production + Selling & Distribution Overhead = ------.

6. Bricks used in construction of buildings is cost of.

8. Which of the following is not included in Factory Overheads.

9. A statement of expenditure incurred on production for a given period is called

11. ---------- is unit of quantity of a product or service or time in relation to which

13. Which of the following is not included in type of cost centres.

16. Which of the following expenses not included in cost sheet.

For detail answer explanation search YouTube :- Prerna Class, Satara. 4

19. Which of the following is type of overheads.

20. Drawing Office Salary is included in -------.

21. Counting Office Salary is included in ------.

22. Preliminary expenses is included in ------

23. Which of the following is not included in Selling Overheads.

24. Transfer fees is included in ------.

d. None of the above.

40. Following expenditure is not a non cost expenses.

41. Which of the following expenses is not direct or chargeable to production.

43. Works Cost (+) Administrative Overheads = --------

44. Haulage cost is included in -------.

For detail answer explanation search YouTube :- Prerna Class, Satara. 9

45. The cost of lubricant, oil etc. is included in --------.

46. The relation between two figure is called as.

47. The ratio may be expressed in.

48. ------- is a powerful too of financial analysis

49. Which of the following is included as objectives of the ratio analysis.

50. Capital employed = Shareholders Fund (+) --------.

53. Share Capital (+) Reserves (-) Losses = --------.

55. All current assets excluding stocks & pre-paid expenses.

56. Current liabilities excluding Bank Overdraft & Accrued expenses.

57. Rapid expansion without sufficient working capital.

58. Traditional classification of ratio includes

59. Functional classification of ratio includes.

60. Current Assets ÷ Current Liabilities = ---------

61. Standard of current ratio is.

62. Quick Assets ÷ Quick liabilities = --------.

c. Acid test ratio

63. The standard of quick ratio is.

64. Which of the following is not included in quick assets.

65. Which is not a current assets.

66. Which of the following is not included in quick liabilities.

67. Which is not a Current Assets.

68. Which is not Current Liabilities.

69. Which is not a intangible assets.

70. Which is not a tangible assets.

71. Which is not a Short term Solvency Ratio (liquid ratio).

72. Which is not a long term Solvency Ratio.

73. Which is not Activity Ratio.

For detail answer explanation search YouTube :- Prerna Class, Satara. 14

74. Which is not profitability Ratio

75. Sales (-) Gross Profit = ---------.

77. (Gross Profit ÷ Sales) × 100 = ------.

78. ( Opening Stock + Closing Stock ) ÷ 2 = --------

83. Equity Share Capital ₹ 5,00,000. 7% Preference Shares Capital ₹ 1,00,000.

For detail answer explanation search YouTube :- Prerna Class, Satara. 16

87. Current Assets ₹ 1,50,000. Current Liabilities ₹ 50,000 (excluding Bank