Quantitative Finance and Accounting Online Test

The Accounting figures of a firm are: Sales INR 600000, Purchases INR 400000, Closing Stock INR 80000 and the Gross Loss is 25% on cost. The Opening stock in INR is:
430000
400000
480000
500000
Gross Sales = INR 1000000 Sales Tax = 10% on Gross Sales Income Tax = 50% Profit before Tax = INR 90000 The Net Profit before tax ratio is:
10%
5%
15%
20%
Complete the following table for journalizing the following entries: /
(1) Anand, (2) Discount
(1) Cash (2) Discount
(1) Anand (2) Profit
(1) Cash (2) Profit
A firm’s ratios and other figures are: Fixed Assets = 55000 Current Ratio = 1.5:1 Proprietary Ratio = 0.80 Proprietary Fund = INR 80000 The Working Capital is:
31250
15000
20833
30000
A company’s accounting data for the year is: Credit Sales = INR 150000 Debtors = INR 30000 Bills Receivable =INR 15000 The Average Collection Period is:
1.8 months
2.4 months
1 month
3.6 months
Complete the following table for journalizing the following entry: /
37500, 1875
50000, 14375
50000, 1875
37500, 14375
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Discussion

Abhijeet

soln 1 is wrong as 1/4 of cost= 1/5 of sales....

2244 days 19 hours 48 minutes ago

Seema Kanwar Chouhan

error show karta h... start hi nai hota h...

2813 days 8 hours 18 minutes ago

Sajad Ahmad Dar

I want have solved model papers for Accounting

2936 days 22 hours 28 minutes ago

sarabjit ЫУ Prof org13

Searched Question

4408 days 18 hours 58 minutes ago

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