Accounting - Study Mode
[#826] If, Sundry Debtors Rs. 15,000 Bill Receivable Rs. 12,500 Cash at Bank Rs. 17,500 Stock Rs. 15,000 Profit Rs. 20,000 Creditors Rs. 25,000 Bill payable Rs. 15,000 Sales Rs. 1,00,000 The Acid Test Ratio is
Correct Answer
(B) 1.125 : 1
[#827] If A = purchases, B = Opening stock, C = Closing stock, D = cost of goods sold, then which of the following equation is not correct?
Correct Answer
(D) D - C - A = B
[#828] Which of the following expenditures are to be treated as revenue expenditure? I. Interest paid on money borrowed during construction period II. Cost of patent rights III. Loss of uninsured stock due to fire IV. Retirement gratuity paid to an employee Select the correct answer using the options given below:
Correct Answer
(C) III and IV
[#829] Premium on redemption of preference shares can be provided out of . . . . . . . .
Correct Answer
(D) All of these
[#830] Every bank is required to maintain . . . . . . . . with RBI in the form of cash, gold and securities an amount not less than 25% of their demand and time liabilities.
Correct Answer
(B) SLR