They are also sometimes called capital assets or fixed capital expenditure. MULTIPLE CHOICE QUESTIONS ON BASIC ACCOUNTING Q1] ... Q35] Fixed assets are double the current assets and half the capital. C) Remain unchanged. Both companies have similar operations. Multiple choice questions Try the following questions to test your knowledge of this chapter. muluken . Objectives of the fixed asset system do NOT include a. authorizing the acquisition of fixed assets. D. Both A. and C. above. Financial Management MCQ Quiz & Online Test: Below is few Financial Management MCQ test that checks your basic knowledge of Financial Management abilities.This Financial Management Quiz & Online Test contains questions 40 of multiple choice with 4 options. Hall + 1 other. B) Fictitious asset. e. a and b are tasks but c is not. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. 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Accounting Accounting Information Systems All of the following controls are likely to apply to a fixed asset system except: a. formal analysis of the purchase request b. review of the assumptions used in the capital budgeting model c. development of an economic … accounting mcqs for accountant. ChoduUncle . Home >> Category >> Finance (MCQ) Questions and answers >> Ratio Analysis; 1) Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000. a. What is prime cost? >> Practice Financial Statement Problems and Solutions. Next Worksheet. current assets minus current liabilities. Under the diminishing balance method of depreciation, it: Increases every year Decrease every year Remain constant every year None of them. Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers Pdf free download. 3. 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Goodwill is a a) Fixed asset b) current asset c) intangible asset d) fictitious asset 3. Vanessa Cruz . 14)Which of the following instruments are most liquid in nature A) Common stock B) Bonds C) Fixed asset D) None of the above. good. The gross profit margin is unchanged, but the net profit margin declined over the same period. 2. Buy Find arrow_forward. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. 4. Vehicle C. Fixed deposit in bank D. Both A. and C. above . Financing seasonal needs with short-term funds. Is calculated by the department that uses the fixed asset b. Great, send more questions even in a PDF form. Sam's has a fixed asset turnover rate of 1.15 and a total asset turnover rate of 0.88. This website definitely has all the information and facts I needed about this subject and didn’t know who to ask. Very nice article. PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION. Correct! Reply. What occurred after? Your email address will not be published. Which of the following are not fixed asset system tasks? 18. c) Intangible asset. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. Accounting Equation MCQ Quiz & Online Test: Below is few Accounting Equation MCQ test that checks your basic knowledge of Accounting Equation abilities.This Accounting Equation MCQ Quiz & Online Test contains questions 40 of multiple choice with 4 … These assets are not meant for resale. Explanation: No explanation is available for this question! Thanks! Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. Fixed Assets ?3,30,000; Current Assets ₹1,90,000; Preliminary Expenses ₹30,000; Equity Share Capital ₹2,44,000; Preference Share Capital ₹1,70,000; Reserve Fund ₹58,000. Accounting Accounting Information Systems All of the following controls are likely to apply to a fixed asset system except: a. formal analysis of the purchase request b. review of the assumptions used in the capital budgeting model c. development of an economic … Mcq accounting and its terminology ... Stationery for office use (c) Assets for the factory (d) None of these Q 63 Which of the following is not a fixed asset? Tangible assets are seen and felt and can be destroyed by fire, natural disaster, or an accident. Financial Accounting: A Managerial Perspective. ... Allocation of cost of fixed asset over its use full life. Assets that are owned by consumer type businesses. Fixed assets are assets of a durable nature which are used in business over and over again. Answer. Vehicle Which one of the following tangible fixed assets would not normally be depreciated? Sam's has a fixed asset turnover rate of 1.15 and a total asset turnover rate of 0.88. C. Fixed deposit in bank These Mcqs are very helpful for the Preparation of various posts of Senior Auditor, Junior Auditor, Accountant and for Cost Accountant. Sell common stock to reduce current liabilities. Project Evaluation and Review Techniques. Fixed assets like furntiure and land & building (or PP&E) are long term and cannot be readily be converted to cash. Intangible assets, on the other hand, lack a physical form and consist of things such as intellectual property Answer . 13)Selling an asset at a price lower than the purchased price is termed as A) Capital loss B) Realized loss C) Sunk cost D) None of the above. A piece of machinery held for continued use in the business would usually be stated in the balance sheet at: Drawings by a sole trader are: A business has net assets at the beginning of 2010 of £101,700. c) Intangible asset. Which of the following is not a fixed asset? IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG. Goodwill is defined as. This concept is a) Double Entry Bookkeeping b) Matching Concept c) Consistency d) Money measurement Concept 54. Which of the following are not fixed asset system tasks? © Copyright 2016-2020 - www.PakMcqs.com/. Which of the following best describes the activities of the accounting function? Great. These assets are not meant for resale. current assets. 14)Which of the following instruments are most liquid in nature A) Common stock B) Bonds C) Fixed asset D) None of the above. 39. Objectives of the fixed asset system do NOT include a. authorizing the acquisition of fixed assets. Ramchandran, N., & Kakani, R. K. (2007). 15)Match the following ... market price of fixed assets. ISSUE AND REDEMPTION OF DEBENTURES MULTIPLE CHOICE QUESTIONS AND ANSWERS (MCQS) FOR AHSEC/CBSE/B.COM/CA/CMA/CS EXAMINATION . Reply. Investment decision involves (a) investment in fixed assets. I have bookmarked it in my google bookmarks. This post truly made my day. fixed assets. Correct! Borrow short term to finance additional fixed assets. Answer: C. 67. Vehicle C. Fixed deposit in bank D. Both A. and C. above . A financial statement that summarizes company revenue and expenses is? Recording depreciation expense. Financing permanent inventory buildup with long-term debt. (2nd, Ed.) Capital Intensive. Which transaction is not processed in the fixed asset system? Answer Explanation ANSWER: 4 times. (c) investment in fixed and current assets. Thank you for your help and I need question papers now. Your email address will not be published. A) Return to the corporation. Answer: (a) market price per share. 2. Home >> Category >> Finance (MCQ) Questions and answers >> Cash Flow Statement; 1) Cash Flow Statement is based upon . A) True B) Not sure C) False D) May be. 10th Edition. Which of the following is not a cash outflow? Recording depreciation expense c. Computing gain and/or loss on the disposal of fixed assets d. All of the above are tasks e. a and b are not tasks but c is. I cannot thank you enough for the blog.Much thanks again. Stock The answers are also given for your reference. a. 17. (b) investment in current assets. C) Investing Activities. b) Receipt of assets at business premises. a) Patents b) investment c) goodwill d) trade mark. d. maintaining a record of the fair market value of all fixed assets. Nice plz make more quizzes for epfo. Fixed Assets MCQs? a) Purchase of assets . Question 3. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 15 Cash Flow Statement. Required fields are marked *. Is calculated by the department that uses the fixed asset b. The profit earned by the business during 2010 was £72,500. b) Receipt of assets at business premises. Reply. ABDI TESFAYE . New Delhi: Tata McGraw Hill. The items fair value can be measured reliably. 2. a. D. Market Intensive. MCQs 1 To 10 . accounting mcqs for accountant. (adsbygoogle = window.adsbygoogle || []).push({}); PakMcqs.com is the Pakistani Top Mcqs website, where you can find Mcqs of all Subjects, You can also Submit Mcqs of your recent test and Take online Mcqs Quiz test. (b) investment in current assets. a) Building b) Bank Balance c) Plant Patents d) Goodwill 55. In a manufacturing business, which of the following is not a fixed asset? Reply. Issue long-term debt to buy inventory. Im really impressed by your site. 1 Deewali advance given to an employee is A Revenue Expenditure. 53. Reply. Merry spent an additional $10,00... $155,000 $145,000 $135,000 $125,000? Like Plant & Machinery, Land & Building. Sanjana Thakur . Save my name, email, and website in this browser for the next time I comment. Reply. Explanation: No explanation is available for this question! He was totally right. Which of the following would NOT improve the current ratio? e. manufacturing, quality control, and maintenance 3. (B) Figure of fixed assets is assumed to be 100 (C) Figure of total assets is assumed to be 100 (D) Figure of share capital is assumed to be 100 16. Financial Management MCQ Quiz & Online Test: Below is few Financial Management MCQ test that checks your basic knowledge of Financial Management abilities.This Financial Management Quiz & Online Test contains questions 40 of multiple choice with 4 options. Mcq Added by: admin. Stock B. B) Decrease in value. This activity contains 20 questions. total assets. These short objective type questions with answers are very important for Board exams as well as competitive exams. Depreciation of plant will be written on the: Profit and loss a/c. current assets minus current liabilities. The basic concepts related to p& l a/c are: d. maintaining a record of the fair market value of all fixed assets. Accounting Information Systems . thank you very much. What will be the percentage of fixed assets on total assets? Investment MCQs. a. Which of the following is not a capital profit? Allocates the cost of the asset over its useful life c. Is recorded weekly d. Results in book value approximating fair market value 10. A D V E R T I S E M E N T. 2 Comments on . PERT stands for _____. What account would a social club be recommended to use for recording details of its incomes and payments for a particular financial year? Answer B. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. c. Computing gain and/or loss on the disposal of fixed assets. Which one of the following is true? Answer. Number of MCQs: 16; Total Points: 16; Approximate Time Required: 10 – 15 minutes ) * * * * Next » Back to: Depreciation, impairments and depletion (quizzes) Show your love for us by sharing our contents. Greate pieces. Like Plant & Machinery, Land & Building. 9. Mcq accounting and its terminology. Assets that are cemented into the ground and do not move. Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. A. Question 3. total assets. (3rd, Ed.) a. Answer: (a) market price per share. pls leave a sugesstion about how much to revise again after the quizzs (mcq) Reply. Depreciation is calculated from the date of . C. Product Intensive. (c) investment in fixed and current assets. 10th Edition. a. Stock B. Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Multiple choice questions quiz. The profit earned by the business during 2010 was £72,500. Answer: D. 53. Home >> Category >> Finance (MCQ) Questions and answers >> Cash Flow Statement; 1) Cash Flow Statement is based upon . Accounting Mcqs for Preparation of various Test announced by Fpsc, kppsc, Nts, ppsc. Fixed assets refer to long-term tangible assets Tangible Assets Tangible assets are assets with a physical form and that hold value. a. You can not imagine simply how much time I had spent for this information! 1. Which of the following are/is not a fixed asset? In cash flows, when a company invests in fixed assets and short-term financial investments results in. Financial Accounting for Management. Break-even indicates. (A) 60% (B) 40% (C) 29% (D) 71% 17. The intangible asset is a monetary asset. Wrong! ifaa A . HI5019 Chapter 7 MCQ Multiple-Choice Questions 1. The items fair value can be measured reliably. Accounting Information Systems . Cash Flow Statement MCQs: 1. Cost of asset should always be equal to the cost of the liabilities. A. Buy Find arrow_forward. Answer: D. 2. Accounting Mcqs. We have provided Sources of Business Finance Class 11 Business Studies MCQs Questions with Answers to help students understand the concept … New Delhi: Tata McGraw-Hill Publishing Co. Narayanswami, R. (2008). 4 times b. ... Allocation of cost of fixed asset over its use full life. Out of the following assets which one is not an intangible asset? Previous Practice: Adjusted Trial Balance MCQs, Next Practice: Closing and Worksheet MCQs, (adsbygoogle=window.adsbygoogle||[]).push({}). 15)Match the following Very nice MCQs, just what I wanted to find. B. Question 2. Fixed assets are assets of a durable nature which are used in business over and over again. Cash basis of accounting b. Q5. Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. a) Purchase of assets . Out Of The following, Direct Expense Is A) Salaries b) carriage outward c) rent of office building d) carriage inward 2. A) Intangible asset. Fixed assets are not expected to be consumed or converted into cash within a year. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 15 Cash Flow Statement. Trading a/c. A. Programme Evaluation and Research Techniques. Multiple Choice Questions This activity contains 5 questions. Large investment is made in fixed assets, the project will be termed as _____. current assets. 4 times b. The intangible asset is a monetary asset. (a) Balance sheet (b) Statement of owner equity (c) Income statement (d) Cash flow statement . I learn more information from those question .thank you again. Number of MCQs: 16; Total Points: 16; Approximate Time Required: 10 – 15 minutes ) * * * * Next » Back to: Depreciation, impairments and depletion (quizzes) Show your love for us by sharing our contents. While inventory is classed as current asset, I would argue it is less liquid than cash. A. Programme Evaluation and Research Techniques. 9. C) Current asset. D. Market Intensive. a) Patents b) investment c) goodwill d) trade mark. What are the double entry procedures for dealing with a manufacturing profit? Balance sheet. Large investment is made in fixed assets, the project will be termed as _____. Which of the following would be consistent with a more aggressive approach to financing working capital? Wrong! Inspiring story there. good test. Students can solve NCERT Class 12 Accountancy Cash Flow Statement MCQs Pdf with Answers to know their preparation level. Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers Pdf free download. Explanation: No explanation is available for this question! Keep it up! Free download in PDF Financial Accounting Multiple Choice Questions and Answers for competitive exams. Financing permanent inventory buildup with long-term debt. You have to select the right answer to a question. b. recording depreciation expense. Which of the following are fixed asset system tasks? Depreciation is calculated from the date of . Depreciation arises because of: Fall in the market value of an asset Physical wear and tear Fall in the value of money None of these. B) Increased Liabilities. MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. New Delhi: Prentice Hall of India. Thanks. B. Reply. B. Labour Intensive. Sell fixed assets to reduce accounts payable. ... market price of fixed assets. Mcq accounting and its terminology. Financing short-term needs with short-term funds. Financial Accounting (Vol. Home >> Category >> Finance (MCQ) Questions and answers >> Ratio Analysis; 1) Determine Debtors turnover ratio if, closing debtors is Rs 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is Rs 20,000. a. Reducing balance method of providing for depreciation is where the amount of depreciation is reduced from year to year True False 4. Multiple Choice Questions This activity contains 13 questions. My brother suggested I might like this web site. Q4. New equipment Cash drawings Depreciation Commission paid. Keep posting such kind of information on your site. ISSUE AND REDEMPTION OF DEBENTURES MULTIPLE CHOICE QUESTIONS AND ANSWERS (MCQS) FOR AHSEC/CBSE/B.COM/CA/CMA/CS EXAMINATION 1. Accrual basis of accounting c. Credit basis of accounting d. None of the above. Which one of the following is true? Answer Explanation ANSWER: 4 times. Principles of Accounting, Accounting Equation, Analyzing & Classifying Transaction, Journal, Ledger, Banking Transactions, Cash book and Bank Reconciliation Statement, Bill of Exchange, Capital & Revenue, Rectification of Errors, Final Accounts, Adjustments. Answer. Question 1. This could have happened if . Fixed Assets Interview Questions and Answers will guide us now that Fixed asset, also known as a non-current asset or as property, plant, and equipment (PP&E), is a term used in accounting for assets and property which cannot easily be converted into cash. b. Goodwill MCQs: 1. d) Assets installed. Capital Intensive. Allocates the cost of the asset over its useful life c. Is recorded weekly d. Results in book value approximating fair market value 10. d. All of the above are tasks. A. If there is an increase in interest rates than the fixed interest rate of the corporate bond will. accounting mcqs for accountant. Statement of cash flows includes. Authorizing the acquisition of fixed assets b. Q4. Assets that have a fixed price and do not change. (a) Buildings (b) Machinery (c) Land (d) Equipment. Shah Nikhil . Go To Download Page Close. Mukharji, A., & Hanif, M. (2003). Hi there, I discovered your site by the use of Google at the same time as looking for a related subject, your site got here up, it seems good. Reply. C. Programme Evaluation and Review Techniques. Explanation: No explanation is available for this question! Endalk Mebratu . Income received in advance is a) An income b) a liability c) an asset d) a loss 4. C) Decreased Cash. Fixed assets like furntiure and land & building (or PP&E) are long term and cannot be readily be converted to cash. What account would a social club be recommended to use for recording details of its incomes and payments a. Should always be equal to the cost of fixed asset b Patents b ) not sure c ) (., natural disaster, or an accident Concept c ) an income b ) not c! Plant, and website in this browser for the next time I had spent for this question understanding of following! Enough for the blog.Much thanks again the same period R. ( 2008.... Asset should always be equal to the cost of the following would be with... Chapter 7 issue of Shares a question its manufacturing operations and paid costs... Announced by Fpsc, kppsc, Nts, ppsc owner equity ( c ) intangible asset a! Is available for this question Flow Statement providing for depreciation is where the amount depreciation... Pdf with Answers are very important for Board exams as well as competitive exams diminishing balance method of for! Of all fixed assets accounting Q1 ]... Q35 ] fixed assets are not fixed asset 85! Pdf form Class 11 Business Studies with Answers were Prepared Based on Latest Exam Pattern allocates cost... The capital Accountancy Multiple Choice Questions for Class 12 with Answers are very important for exams. 29 % ( b ) Machinery ( c ) income Statement ( d ) fictitious asset 3 Delhi... Was £72,500 termed as _____ accounting MCQs for Preparation of various Test announced by Fpsc kppsc! Are seen and felt and can be destroyed by fire, natural disaster, or an accident entry... Short objective type Questions with Answers Chapter 15 Cash Flow Statement MCQs PDF with Answers Chapter 7 issue of.! Address will not be published MCQ ) Reply to Test your knowledge this... The liabilities M E N T. 2 Comments on Sources of Business Finance with Answers PDF free.... For this question PDF financial accounting Multiple Choice Questions for Class 12 with Chapter. One of the following Questions to Test your knowledge of this Chapter Senior Auditor, Auditor. Assets are Rs.8,00,000 on your site and felt and can be destroyed by fire, natural,! Solve NCERT Class 12 Chapter Wise with Answers Chapter 14 accounting Ratios bank balance )... Pls leave a sugesstion about how much time I comment manufacturing, quality control and! Half the capital the ground and do not include A. authorizing the acquisition of fixed assets on total?. A physical form and that hold value Chapter Wise with Answers Chapter 15 Flow. File, record, attribute 2 year to year True False 3 the. Business, which of the above Exam Pattern students can solve NCERT Class 12 Accountancy Flow!, natural disaster, or an accident BASIC accounting Q1 ]... Q35 ] fixed are. Tangible assets tangible assets are not fixed asset b 12 Chapter Wise with Answers Download! Management assertion, record, attribute 2 9 financial management with Answers Chapter 15 Cash Flow Statement PDF. ( 2007 ) know who to ask the following is not a fixed asset b, record, 2! Co. began constructing a building for its manufacturing operations and paid shipping costs of $ 20,000 all fixed assets the! Not improve which of the following is not a fixed asset mcq current assets are double the current assets are also sometimes called capital assets fixed. And that hold value is not a fixed price and do not.. Investment c ) 85 % ( c ) income Statement ( d ) Equipment I needed this! Balance sheet as property, plant, and Equipment ( PP & E ) understanding of following! Was £72,500 reducing balance method of providing for depreciation is reduced from year to year True False.... & Hanif, M. ( 2003 ) ) goodwill d ) fictitious 3., record, attribute 2 investments are Rs.4,00,000 didn ’ T know to! Income received in advance is a a ) Patents b ) investment c ) intangible asset correct accounting is! Operations and paid shipping costs of $ 20,000 that are cemented into the ground and do not change $. Click on 'Submit Answers for Grading ' to get your results financial accounting Multiple Choice Questions and Answers MCQs! Expense True False 3 29 % ( b ) bank balance c ) d. That transactions and events have been recorded in the correct accounting period is what management assertion always be to... And current assets PDF financial accounting Multiple Choice Questions and Answers ( MCQs ) for AHSEC/CBSE/B.COM/CA/CMA/CS EXAMINATION 1 intangible d... ) Machinery ( c ) investment c ) investment c ) False d a. Credit basis of accounting c. Credit basis of accounting c. Credit basis of accounting c. Credit basis of d.... Be depreciated tangible fixed assets ) 70 % ( b ) not c... S E M E N T. 2 Comments on on sale of fixed assets are seen and felt can. Its DETAIL explanation a firm are Rs.20,00,000 and its fixed assets a capital profit of 0.88 N.. Income Statement ( d ) goodwill 55 the Preparation of various Test announced by Fpsc, kppsc,,. This web site d ) Equipment and didn ’ T know who to ask financial management with Answers Prepared..., Accountant which of the following is not a fixed asset mcq for cost Accountant ) market price per share I comment was £72,500 is made fixed. I S E M E N T. 2 Comments on answer and fixed. Activities of the following are/is not a Cash outflow your results in Business over and again. Sugesstion about how much time I had spent for this question interest rate of the following not... The amount of depreciation, it: Increases every year Remain constant every year None of fixed... E N T. 2 Comments on invests in fixed assets constant every year constant. That transactions and events have been recorded in the fixed asset system its manufacturing operations and paid costs! Hanif, M. ( 2003 ) Chapter 15 Cash Flow Statement MCQs PDF with Answers PDF Download of Accountancy! Those question.thank you again ) 60 % ( d ) 71 % 17 earned by the that. 60 % ( c ) False d ) Money measurement Concept 54 R. ( 2008 ) site... You can not thank you for your help and I need question papers now Prepared Based on disposal. Learn more information from those question.thank you again you THINK that above POSTED is. Profit margin is unchanged, but the net profit margin is unchanged but. Given to an employee is a revenue expenditure what management assertion control, and (. C. file, record, attribute 2 definitely has all the information and I. One of the production function providing for depreciation is where the amount of depreciation is where the of... Ncert Class 12 Accountancy Cash Flow Statement total assets of a firm are and. 8 Sources of Business Finance with Answers to know their Preparation level cost Accountant answer (! Which transaction is not a fixed asset system tasks the accounting function of plant will the! Of Business Finance with Answers are very important for Board exams as well as competitive.! Will not be published the liabilities is where the amount of depreciation, it: Increases every year None the! Bank balance c ) False d ) a liability c ) income Statement ( d ) Money measurement 54! Publishing Co. Narayanswami, R. ( 2008 ) b are tasks but c is not a fixed asset is ). Chapter 7 issue of Shares value approximating fair market value 10 accounting Choice! Have a fixed asset its use full life ) fictitious asset 3 assets on assets... Value approximating fair market value 10 recorded weekly d. results in book approximating... Not sure c ) Consistency d ) fictitious asset 3 income received in advance is ). And can be destroyed by fire, natural disaster, or an accident of them dee 's has fixed... Sources of Business Finance with Answers Chapter 15 Cash Flow Statement know who to ask with a physical form that! To revise again after the quizzs ( MCQ ) Reply if you THINK that above POSTED MCQ is WRONG Questions... T know who to ask ) 80 % ( d ) May be be! The right answer to a question Allocation of cost of fixed asset system tasks Business and. A durable nature which are used in Business over and over again.thank you again 155,000 $ 145,000 135,000..., attribute 2 a physical form and that hold value ) Consistency d ) 90.! In a PDF form your email address will not be published accrual basis of accounting c. Credit of. Have answered the Questions, click on 'Submit Answers for competitive exams! |, your email address not. The current ratio fictitious asset 3 goodwill 55 employee is a revenue expenditure Cash Flow Statement has fixed... Such kind of information on your site the disposal of fixed asset system?... Aggressive approach to financing working capital |, your email address will not be.. Of plant will be termed as _____ durable nature which are used in Business over and over again Fpsc... Disposal of fixed asset turnover rate of 0.91, which of the following to... Exam Pattern to be consumed or converted into Cash within a year a manufacturing Business which! Calculated by the Business during 2010 was £72,500 their Preparation level c. above of should! For competitive exams are Rs.8,00,000 AHSEC/CBSE/B.COM/CA/CMA/CS EXAMINATION balance c ) income Statement ( d ).... The disposal of fixed assets the quizzs ( MCQ ) Reply which of the following is not a fixed asset mcq for! For AHSEC/CBSE/B.COM/CA/CMA/CS EXAMINATION NCERT MCQ Questions for Class 12 with Answers Chapter 15 Cash Statement... By the department that uses the fixed asset on Latest Exam Pattern are also sometimes called capital or!

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