10.

11,

12.

13.

14.

15.

Balance sheet shows financial position of a concern :
(है) Tor the year ended 18) Asona छ date
(9) Fora given period (0) ^ of the above

Fixed assets of a business is ¥ 1,00,000; Current assets are ¥ 20,000; Capital and Long term
liabilities are T 50,000, then Current liabilities will be :

(A) T 70,000 (ஐ ₹ 50,000 (9 ₹ 30000 (D) T 20,000

Preliminary expenses are an example of :
(^) Revenue expenditure (8) Deferred revenue expenditure
(0) Capital expenditure (D) All of the above

Closing stock of a trading concern is equal to :

(A) Opening steck + Purchases - Sales

(18) Sales+ Opening stock — Purchases

)© Sales —Opening stock +Purchases

{D) Opening stack + Purchases — Cost of goods sold

Provision for bad and doubtful debt is created on :
(A) Sundry debtors

(ए) Sundry debtors plus bad debts

(८) Sundry debtors less doubtful debts

(12) Sundry debtors less bad debts

The study of relationship of various items in the financial statements of one accounting period
is called ;

(A) Horizontal Analysis (8) Vertical Analysis

(9 Trend Analysis (D) Comparative Analysis

Ratios calculated to measure the efficiency with which the resources ए a firm have been
employed are called :

(A) Liquidity ratios (B) Profitability ratios
(८) Tumnover ratios (D) Solvency ratios

If the working capital of a company is ¥ 90,000 and its current ratio is 25, what is the value
of its current asset ?

(A) 07 (8) ₹ 0 (9) ₹ 2,25,000 (0) २1.20.000

2/2015 4 A