Tag: book keeping and accountancy

Questions Related to book keeping and accountancy

What deductions are allowed from the transaction value ____________________.

book keeping and accountancy bases of accounting cash and mercantile system basis of accounting basis of accounting system

  1. Discounts offered to customers, subject to conditions

  2. Packing Charges, subject to conditions

  3. Amount paid by customer on behalf of the supplier, subject to conditions

  4. Freight charges incurred by the supplier for CIF terms of supply, subject to conditions

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Correct Option: A

The relationship between potential unsystematic risk and reward is given by ____________.

book keeping and accountancy bases of accounting cash and mercantile system basis of accounting basis of accounting system

  1. Excess return to beta ratio

  2. Excess return to security

  3. Excess return to square security

  4. Excess return to beta square ratio

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Correct Option: A

Which of the following is an intrastate supply?

book keeping and accountancy bases of accounting cash and mercantile system basis of accounting basis of accounting system

  1. Supplier of goods located in Delhi and place of supply of goods SEZ located in Delhi

  2. Supplier of goods located in Delhi and place of supply of goods in Jaipur

  3. Supplier of goods located in Delhi and place of supply of goods in Delhi

  4. All the above

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Correct Option: C

Sum of discounted cash flows is best defined as _____________.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. technical equity

  2. defined future value

  3. project net present value

  4. equity net present value

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Correct Option: C

Cash Flow Statement explains the reason on surplus or deficit of cash.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. True

  2. False

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Correct Option: A

Cash Management and Insurance are chief function of the ____________.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. Tax Manager

  2. Controller

  3. Treasurer

  4. Accountant

  5. Finance Manager

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Correct Option: C
Explanation:

The treasurer of an organization deals with the liquid assets of the firm and his responsibilities include cash management and insurance of assets.

Cash Flow is a movement of Cash and Cash Equivalent.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. True

  2. False

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Correct Option: A

Cash and Cash Equivalent includes _____________________.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. Cash on hand and bank balance.

  2. Marketable Securities.

  3. Short-term investments.

  4. All of the above.

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Correct Option: D

The financial ratio (the best single predictor) that is used in the Beavers Model to predict the failure of a company is the _____________.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. Debt-equity ratio

  2. Cash flow to total debt ratio

  3. Price earnings ratio

  4. Return on investment

  5. None of the above

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Correct Option: B

Cash outflows are costs of project and are represented by ____________.

book keeping and accountancy statement of changes in financial position meaning, merits and demerits of cash flow statement meaning and objectives of cash flow statement budgeting

  1. negative numbers

  2. positive numbers

  3. hurdle number

  4. relative number

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Correct Option: A