d. Investments. Proprietary ratio = Shareholder’s fund/Total assets. c. Intangible assets. D) Investments. Long term assets having no physical existence but, possessing a value are called. i.e., 1 year or less is known as Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. A) Current assets. 2. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. C) Current assets. The ratio of current assets to current liabilities is known as a) Liquidity ratio b) Current ratio c) Acid-Test (or Quick) ratio d) Debts ratio. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as. Which of the following financial statements is also known as financial condition? 3. Assets which are acquired and held permanently and used in the business with the objective of making profits is known as [A] fixed assets [B] current assets [C] intangible assets [D] none of the above; Answer: Option [A] a. b. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. C) Intangible assets. Current ratio is also known as acid test ratio. 14. Fixed assets. 1 year or less) are known as. ... A) Intangible assets. c. Intangible assets. The assets that can be easily converted into cash within a short period i. B) Fixed assets. B) Fixed assets. Finance multiple choice question (MCQs) test page-1. Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Choose the correct answer: 1. ... As a Prepaid within current assets (c) As a 'creditor due within one year' (d) As a creditor due after more than one year' ... Wrong! B) Fixed assets. C) Current assets. True. b. This involves the cost incurred for transportation, installation, and acquisition. a. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. The short-term financial needs of the companies are generally met from Trade Credit. Current assets. MCQs for upcoming JKSSB Accounts Assistant Exam. Link to Finance MCQs (PDF) is given below. These finance quiz are from basic finance theory, financial management, corporate finance, personal finance, and public finance. Current assets of a business should be financed through both long term and short-term liabilities. Question 3. Current assets. Answer: A. 10. 16. Discussion; RE: Preparation Of Funds Flow Statement - MCQs -praveen (08/21/20) Funds from operations = 2,80,000 Step by step Explanation: Funds from operations = Net income + intrest expense + Depreciation + Loss on the sale of companie's assets - intrest income - gain on the sale of companie's assets. 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