Accounting - Study Mode
[#1386] The liability of shareholder in a public company is limited to
Correct Answer
(B) Nominal value of shares
[#1387] A company has equity capital of Rs. 2,00,000 preference capital of Rs. 1,00,000, 12% debentures of Rs. 1,00,000, long-term loans of Rs. 2,00,000 and short-term loans of Rs. 1,00,000. The capital-gearing ratio will be:
Correct Answer
(B) 0.5 : 1
[#1388] On 1 st January, 1996 the stock was valued at Rs. 7,000. During January the purchases of the stock amounted to Rs. 23,000 and the cost of sales during the same period amounted to Rs. 21,000. What had been the value of the stock on 31 st January, 1996:
Correct Answer
(D) Rs. 9,000
[#1389] What is the main objective of financial accounting?
Correct Answer
(C) Both profit and loss account and balance sheet
[#1390] For assessing the firms efficiency of operation,we need to analyse the combined effect of which of the following pairs of ratios:
Correct Answer
(D) The Net Profit margin and the net operating profit rate of return