Test Details

Financial Statements

Oct 24, 9:30 PM

50 minutes

Oct 24, 10:30 PM

64.0 marks

MCQ

30 questions

Shakti Singh

Class Details

Mathematics

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Question Text

Question 6 :
Credit granting institutions take decisions based on the________ performance of the undertakings.

Question 7 :
Financial statements provide information to _________ in taking important decision related to the value of investment.

Question 8 :
The gaps between the management performance and ownership expectations are understood through _________.

Question 9 :
An equipment was purchased on 1st January, 2012 for Rs. 25,000 and is to be depreciated at 30% based on reducing balance method. If the company closes its books of account on 31st March every year, what would be the net book value-of the equipment as at 31 * December, 2013 ______________.

Question 11 :
The financial statements enable the stock brokers to take decisions about the ______________.

Question 12 :
A person who is indebted to the company for which amount cannot be appointed to set as an auditor of a company?

Question 13 :
Financial statements are the outcome of recorded facts, accounting concepts and conventions used and personal judgement made in different situations by the _________.

Question 16 :
Since the purchasing power of money is changing, the value of assets and liabilities shown in financial statement does not reflect ________ market situation.

Question 20 :
As financial statements do not show aggregate information, it may not help the ________ in decision-making much.

Question 22 :
The investors include both ________ and _________ investors under basis for prospective investors.

Question 23 :
The financial statements enable the ___________ to judge the financial position of different concerns and take decisions about the prices to be quoted.

Question 25 :
 Financial statements, provide the necessary information about the performance of the ____________.

Question 28 :
Faina Electronics Pvt. Ltd. provides following information regarding an item Normal usages:50 per week Maximum usages : 75 per week Minimum usages : 25 per week Re-order quantity : 300 Re-order period : 4 to 6 weeks What will be the Re-order-Level of the company ?

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