b. 1 year or less) are known as. Financial Statement MCQs is a set of important multi choice questions. These finance quiz are from basic finance theory, financial management, corporate finance, personal finance, and public finance. The assets that can be easily converted into cash within a short period i. Assets which are acquired and held permanently and used in the business with the objective of making profits is known as [A] fixed assets [B] current assets [C] intangible assets [D] none of the above; Answer: Option [A] B) Fixed assets. i.e., 1 year or less is known as 3. The short-term financial needs of the companies are generally met from Trade Credit. 10. The ratio of current assets to current liabilities is known as a) Liquidity ratio b) Current ratio c) Acid-Test (or Quick) ratio d) Debts ratio. Discussion; RE: Preparation Of Funds Flow Statement - MCQs -praveen (08/21/20) Funds from operations = 2,80,000 Step by step Explanation: Funds from operations = Net income + intrest expense + Depreciation + Loss on the sale of companie's assets - intrest income - gain on the sale of companie's assets. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. Link to Finance MCQs (PDF) is given below. 2. C) Current assets. Proprietary ratio = Shareholder’s fund/Total assets. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as. B) Fixed assets. d. Investments. Current ratio is also known as acid test ratio. True. Which of the following financial statements is also known as financial condition? Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Choose the correct answer: 1. Current assets. Fixed assets. a. C) Current assets. Finance multiple choice question (MCQs) test page-1. Current assets of a firm are those assets which could be consumed, exhausted or sold within a year. Question 3. A) Intangible assets. D) Investments. 2. MCQs for upcoming JKSSB Accounts Assistant Exam. 16. b. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. ... As a Prepaid within current assets (c) As a 'creditor due within one year' (d) As a creditor due after more than one year' ... Wrong! Answer: A. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. C) Intangible assets. The long term assets that have no physical existence but are rights that have value is known as. D) Investments. Current assets. 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