Accounting - Practice Test

(A) Cash price remaining unpaid

(B) Installment price remaining unpaid

(C) The amount that has been agreed under hire purchase agreement

(D) Cash price minus the amount of hire purchase installment paid

(A) Cash price remaining unpaid

(A) P.E. Ratio of the company would increase

(B) Rate of return of the company would decrease

(C) Tax-shield would not be available on new debts

(D) Equity shareholders would demand higher return

(D) Equity shareholders would demand higher return

(A) Rs. 18,375

(B) Rs. 21,875

(C) Rs. 25,375

(D) None of the above

(A) Rs. 18,375

(A) Drawings account

(B) Bank account

(C) Prepaid Rent account

(D) All of the above

(D) All of the above

(A) Revenue = Expenses

(B) Capital + Profits = Assets + Expenses

(C) Capital + Liabilities = Assets

(D) Capital + Drawings - Owner's Equity

(C) Capital + Liabilities = Assets

Accounting - Study Mode