16. b. 14. Current assets of a firm are those assets which could be consumed, exhausted or sold within a year. C) Current assets. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. Current assets. 2. Current assets. A) Intangible 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 short-term financial needs of the companies are generally met from Trade Credit. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. A) Current assets. 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. b. a. 3. a. 2. C) Current assets. c. Intangible assets. B) Fixed assets. Question 3. Fixed assets. B) Fixed assets. Link to Finance MCQs (PDF) is given below. The long term assets that have no physical existence but are rights that have value is known as. B) Fixed assets. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. i.e., 1 year or less is known as True. 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. Long term assets having no physical existence but, possessing a value are called. The assets that can be easily converted into cash within a short period i. The assets that can be converted into cash within a short period (i.e. Finance multiple choice question (MCQs) test page-1. Current assets of a business should be financed through both long term and short-term liabilities. Fixed assets. c. Intangible assets. Financial Statement MCQs is a set of important multi choice questions. D) Investments. Current ratio is also known as acid test ratio. MCQs for upcoming JKSSB Accounts Assistant Exam. 10. ... 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! Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. 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] d. Investments. C) Intangible assets. Which of the following financial statements is also known as financial condition? This involves the cost incurred for transportation, installation, and acquisition. 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