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3. How many people can start a Partnership concern for doing Banking business
(a) 15
(b) 10
(c) 12
(d) 20
(a) Unlimited
(b) 400
(c) 250
(d) 100
(a) Deposits
(b) Bank Loan
(c) Equity Shares
(d) Debentures
7. If the Operating Cycle increases, what will be the effect on Working Capital?
10. If the Discount rate increases from 10% to 15% what will be effect on the Profitability Index?
(a) Profitability Index will fall
(b) Profitability Index and Discount Rate have no relationship
(c) Profitability Index will rise
(d) Profitability Index will remain unchanged
11. Computer is a
12. Which account is Credited when the Purchased Goods are Returned?
13. Cash Rs.10,000/-, Capital Rs.1,00,000/-, Fixed Assets Rs.40,000/-, Sundry Debtors Rs.50,000/-. What is the total
of trial Balance?
(a) Rs.1,00,000/-
(b) Rs.10,000/-
(c) Rs.2,00,000/-
(d) Rs.50,000/-
16. In the adjustment entries for final accounts, the Closing Stock is treated as under
17. If the Current Liabilities increases what will be effect on Current Ratio?
19. The Debt-Equity Ratio for the year 2002 and 2003 are 2:1 and 1:2. What does the Ratio indicate?