CA Coaching Test

of

Ekalavya.com

  Name-                            

  Email-                            

  Phone-                           

1.Investment as short deposit with Banks is shown in Balance Sheet under

a)current assets
b)fixed assets
c)current liabilities
d)fixed liabilities

2.Operating profit of a business entity is

a)less than profit before tax( PBT )
b)more than PBT
c)less than Net Profit
d)may be any of the above .

3.Unsecured creditors of  a Business entity are normally shown as

a)fixed assets
b)fixed liabilities
c)current assets
d)current liabilities

4)To arrive at cash profit , which of the following is added back to Profit After Tax ( PAT ) ?

a)other income
b)bank interest
c)depreciation
d)selling expenses

5)Maximum number of partners in a Partnership firm cannot be more than

a)50
b)40
c)30
d)20

6)A Private Limited Company

a)cannot be a partner in a Partnership firm .
b)can be a partner in a Partnership firm .
c)is to be wound up to become a partner .
d)merge with the Partnership firm .

7)Net Working Capital is

a)curent assets - current liabilities
b)Fixed liabilities - fixed assets
c)current liabilities - current assets
d) both (a) and ( b )

8)Tangible Net Worth of a firm is positive means the firm had

a)profit during last fiscal .
b)loss during last fiscal .
c)either profit or loss during last fiscal .
d)none of the above .

9)What is the minimum maturity period of a Commercial Paper ?

a)15 days
b)30 days
c)2 months
d)3 months

10)What is the maximum maturity period of a Commercial Paper ?

a) 3 months
b) 6 months
c) 9 months
d)12 months

11)Goodwill is a

a)current asset
b)fixed liability
c)tangible asset
d)intangible asset

12)Quick Asset equals

a)current assets - cash
b)current assets - inventory
c)current asset - debtors
d)current asset - inventory - prepaid expenses

13) Which of the following are shown in financial accounts but not in cost accounts ?

a)Donation and Charities
b)Profit or loss on sale of fixed assets
c)Payment of Income Tax
d)All the above.

14)Negative feedback is defined as

a)providing misleading information to management .
b)seeking to dampen the effect of any fluctuation from budget .
c)reporting only negative or adverse variance from budget .
d)information which will reduce the level of expenditure .

15)Bridge Finance is

a)used for finance construction of bridges .
b)is used to finance infrastructure projects .
c)is a long term loan .
d)a short term loan .