B) Fixed assets. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. The assets that can be converted into cash within a short period (i.e. 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. The word ‘cost’ is also known as ‘money cost’ which is linked with the capital expenditure of a … ... 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. 2. A) Current assets. 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. Link to Finance MCQs (PDF) is given below. ... A) Intangible assets. C) Current assets. These finance quiz are from basic finance theory, financial management, corporate finance, personal finance, and public finance. 3. A) Intangible assets. Long term assets having no physical existence but, possessing a value are called. a. Current ratio is also known as acid test ratio. The assets that can be easily converted into cash within a short period i. 14. C) Intangible assets. Current assets of a business should be financed through both long term and short-term liabilities. C) Current assets. Fixed assets. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as. B) Fixed assets. The long term assets that have no physical existence but are rights that have value is known as. 1 year or less) are known as. Which of the following financial statements is also known as financial condition? B) Fixed assets. 10. Current assets of a firm are those assets which could be consumed, exhausted or sold within a year. 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. 2. b. Question 3. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. D) Investments. Finance multiple choice question (MCQs) test page-1. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. Proprietary ratio = Shareholder’s fund/Total assets. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. Fixed assets. 16. Answer: A. D) Investments. c. Intangible assets. True. Current assets. d. Investments. The short-term financial needs of the companies are generally met from Trade Credit. 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