CBSE Class 12 Accountancy Cash Flow Statement MCQs Set C
Question: A financial statement that shows the inflows and outflows of cash during a particular period of time is known as a) Statement of cash flows b) Income statement c) Statement of retained earnings d) Balance sheet Answer: A Question:…
CBSE Class 12 Accountancy Cash Flow Statement MCQs Set B
Question: Cash flow arises when the net effect of a transaction _____ the amount of cash or cash equivalents a) Either increase or decrease b) Only Increase c) Only decrease d) All of the options Answer: Either increase or decrease Question: …
CBSE Class 12 Accountancy Cash Flow Statement MCQs Set A
Question: Sale of Copyrights is concerned with_______ a) Investing Activities b) Operating Activities c) Both Operating Activities and Financing Activities d) Financing Activities Answer: A Question: Dividend Received is concerned…
CBSE Class 12 Accountancy Accounting Ratios MCQs Set C
Question: Gross profit is equal to a) Gross Profit/Net Sales x100 b) Gross Profit+Net Sales x100 c) Gross Profit-Net Sales x100 d) None of the options Answer: Gross Profit/Net Sales x100 Question: Gross profit would be the difference…
CBSE Class 12 Accountancy Accounting Ratios MCQs Set B
Question: Proprietary or equity ratio is equal to a) Shareholders funds/ total assets b) Shareholders funds+ total assets c) Shareholders funds- total assets d) None of the options Answer: Shareholders funds/ total assets Question: Fixed…
CBSE Class 12 Accountancy Accounting Ratios MCQs Set A
Question: Accounting ratios are an important tool of a) Financial statement analysis b) Trial Balance c) Financial statement analysis and Trial Balance d) None of the options Answer: Financial statement analysis Question: When the concept of ratio…
CBSE Class 12 Accountancy Analysis of Financial Statement and Tools MCQs
Question: Financial Statement Analysis Objectives/Need is a) All of the options b) Measure the profitability of the business c) Measure the financial strength of the business d) Make comparative study within the firm and with other forms Answer: All of the…
CBSE Class 12 Accountancy Financial Statement Of Companies MCQs Set B
Question: Tangible assets are assets which can be physically seen and touched, Like a) All of the options b) Land & Building c) Plant and Equipment d) Furniture & Fixture Answer: All of the options Question: Intangible Assets:…
CBSE Class 12 Accountancy Financial Statement Of Companies MCQs Set A
Question: ___________ is conducted by bankers and government a) External Analysis b) Internal Analysis c) External Analysis and Internal Analysis d) None of the options Answer: External Analysis Question: Bank overdraft is shown in the balance…
CBSE Class 12 Accountancy Redemption Of Debentures MCQs
Question: Types of debentures on the basis of priority a) Both b) First debentures c) Second debenture d) None of the options Answer: A Question: Which debentures are issued with a specific rate of interest a) Coupon rate debentures b)…
CBSE Class 12 Accountancy Issue Of Debentures MCQs
Debenture Holders MCQ Question: Which of the following statements is true? a) A debenture issued at a discount can be redeemed at a premium b) A debenture holder is an owner of the company c) A debenture holder can get his money back only on the liquidation of the…
CBSE Class 12 Accountancy Accounting For Share Capital MCQs Set B
Question: A company is a) Artificial person b) Living person c) Non living Person d) None of the options Answer: Artificial person Question: The director of a company must be a) Shareholder b) Agent c) Employee d) None of the options…
CBSE Class 12 Accountancy Accounting For Share Capital MCQs Set A
Question: Minimum number of members in a Private Company a) 2 b) 5 c) 7 d) 1 Answer: 2 Question: Minimum number of members in a Public Company a) 7 b) 2 c) 5 d) 3 Answer: 7 Question: Maximum number of members in a Private…
CBSE Class 12 Accountancy Accounting For Partnership Firms Goodwill MCQs
Question: Goodwill can be classified into which categories a) Purchased Goodwill b) Self generated Goodwill c) Both d) None of the options Answer: Purchased Goodwill Question: Super profit method is for goodwill valuation a) Super profit x No. of years…
CBSE Class 12 Accountancy Dissolution Of Partnership Firm MCQs Set B
Question: When Retiring partners balance is treated as loan , in the absence of any information, he will get: a) Interest only 6% per annum b) Interest 7.5% c) Interest 12% d) None of the options Answer: Interest only 6% per annum Question: …