Accounting - Practice Test

(A) 1, 2 and 4

(B) Both 3 and 5

(C) 2, 3 and 5

(D) All of the above

(D) All of the above

(A) Secured Mortgage Deed ⇔ Debentures

(B) Rights shares ⇔ Issued to new shareholders

(C) Convertible ⇔ Debentures

(D) Redeemable ⇔ Preference shares

(B) Rights shares ⇔ Issued to new shareholders

(A) $$frac{{{ ext{Capital employed}}}}{{{ ext{Net worth}}}}$$

(B) $$frac{{{ ext{Contribution}}}}{{{ ext{Sales Volume}}}}$$

(C) $$frac{{{ ext{Operating Profit}}}}{{{ ext{Contribution}}}}$$

(D) $$frac{{{ ext{Contribution}}}}{{{ ext{Sales BEP}}}}$$

(D) $$frac{{{ ext{Contribution}}}}{{{ ext{Sales BEP}}}}$$

(A) Selling Price - Variable Cost

(B) $$frac{{{ ext{Installment Outstanding}}}}{{{ ext{Selling Price}}}} imes { ext{Cash Price}}$$

(C) $$frac{{{ ext{Rate of Interest}}}}{{100}}{ ext{ + Rate of Interest}}$$

(D) Actual Average Profit - Normal Profit

(B) $$frac{{{ ext{Installment Outstanding}}}}{{{ ext{Selling Price}}}} imes { ext{Cash Price}}$$

(A) Purchase Journal

(B) Sales Journal

(C) Cash Journal

(D) All of the above

(D) All of the above

Solution: The following are the types of Journal: Purchase Journal, Sales Journal and Cash Journal.

Accounting - Study Mode