Accounting - Practice Test

(A) a creditor

(B) a shareholder

(C) a debentureholder

(D) a convertible debentureholder

(B) a shareholder

(A) Solvency

(B) Profitability

(C) Performance capacity

(D) Liquidity

(D) Liquidity

(A) Cost concept

(B) Accounting period concept

(C) Accrual concept

(D) Dual aspect concept

(D) Dual aspect concept

(A) Debenture represent borrowed funds

(B) Dividend are firstly paid on debentures

(C) General debentures do not carry voting rights

(D) Debenture comprises a charge on the assets of the company

(B) Dividend are firstly paid on debentures

(A) The remaining partners in their new profit sharing ratio

(B) The remaining partners in their old profit sharing ratio

(C) All the partners in the old profit-sharing ratio

(D) All the partners in the ratio of their capital balances

(C) All the partners in the old profit-sharing ratio

Accounting - Study Mode