ROUND 2

ROUND 2

University

20 Qs

quiz-placeholder

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ROUND 2

ROUND 2

Assessment

Quiz

World Languages

University

Practice Problem

Hard

Created by

SUNNY PUNJABI

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a trial balance totals do not agree, the difference must be entered in

The Profit and Loss Account

A Nominal Account

The Capital Account

A Suspense Account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is calculated by dividing shareholders fund by the total assets

Gross profit

Liquid ratio

Proprietary ratio

Debt ratio

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Probability ratio is are…..

Gross profit ratio

Net profit ratio

Dividend ratio

All of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting summarizing means

Preparation of trial balance

Account

Journal

Voucher

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prepaid salary has

Debit balance

Negative balance

Credit balance

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one of the following is not correctly matched

Company authorized capital

Shares Face value

Bonus shares: Market value

Preference shares: Fixed dividend

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The current ratio is 3:2 and the amount of current liabilities is ₹ 40,000. What is the amount of current assets

₹ 60,000

₹70,000

₹ 80,000

₹ 1,00,000

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