Miscellaneous In Commerce - Practice Test

[#236] Direct supervision over depositories and mutual funds is undertaken by

(A) NBFCs

(B) RBI

(C) SEBI

(D) All of the above

Correct Answer

(C) SEBI

[#237] A business has following items in it Land? Vehicles Rs. 6,00,000 Debtors Rs. 1,20,000 Cash Rs. 30,000 Owner's Equity Rs. 10,00,000 Loan Rs. 5,00,000 Creditors Rs. 50,000 What is the value of the land?

(A) Rs. 10,00,000

(B) Rs. 15,50,000

(C) Rs. 8,00,000

(D) None of these

Correct Answer

(C) Rs. 8,00,000

[#238] Insurance prepaid is shown as:

(A) Current assets

(B) Current liabilities

(C) Fixed asset

(D) Fixed liability

Correct Answer

(A) Current assets

[#239] Reserve for doubtful debts appearing in the trial balance should be:

(A) Credited to P & L a/c

(B) Shown as liability side in balance sheet

(C) Reduced from related asset in the balance sheet

(D) Both A and C

Correct Answer

(D) Both A and C

[#240] If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:

(A) 5%

(B) 10%

(C) 20%

(D) 25%

(E) 20%

(F) 50%

(G) 33.33%

(H) 40%

Correct Answer

(C) 20%
(E) 20%

Miscellaneous In Commerce - Study Mode

[#236] Direct supervision over depositories and mutual funds is undertaken by

Correct Answer

[#237] A business has following items in it Land? Vehicles Rs. 6,00,000 Debtors Rs. 1,20,000 Cash Rs. 30,000 Owner's Equity Rs. 10,00,000 Loan Rs. 5,00,000 Creditors Rs. 50,000 What is the value of the land?

Correct Answer

[#238] Insurance prepaid is shown as:

Correct Answer

[#239] Reserve for doubtful debts appearing in the trial balance should be:

Correct Answer

[#240] If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:

Correct Answer