Accounting - Study Mode

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[#2131] Which of the following is the final stage of accounting as a process of information?

(A) Analysis and interpretation of information

(B) Communication of information

(C) Recording of data in books of accounts

(D) Preparation of summary in form of financial statement

Correct Answer

(B) Communication of information

[#2132] Which of the following transactions is of capital nature:

(A) Purchase of a truck

(B) Replacement of old tyres

(C) Cost of repairing of truck

(D) All the above

Correct Answer

(A) Purchase of a truck

[#2133] The final accounts of a manufacturing company generally include the following statements. Select the correct sequence in the which the statements are prepared i. Balance sheet ii. Manufacturing account iii. Profit and loss account iv. Trading account v. Profit and loss appropriation account

(A) i, ii, iii, iv, v

(B) ii, iv, iii, v, i

(C) v, ii, iv, iii, i

(D) i, iv, iii, ii, v

Correct Answer

(B) ii, iv, iii, v, i

[#2134] Calculate the BEP in units from the following figures Sales price Rs. 15/unit Variable cost Rs. 8/unit Fixed cost Rs. 14,000 Unit produced 6,000

(A) 1,500

(B) 2,000

(C) 2,500

(D) 3,000

Correct Answer

(B) 2,000

[#2135] Earning ratio shows the relationship between earning per share and what?

(A) Net profit

(B) Equity share capital/No of equity share

(C) Market price per share

(D) Dividend per share

Correct Answer

(B) Equity share capital/No of equity share