Current assets are those assets which get converted into cash -
(A) Within Six month
(B) Within one year
(C) Between one and three year
(D) Between three and five year
1 Answers
Net Working Capital = Current Assets Minus - (A) Current Liabilities (B) Net Liabilities (C) Current Assets (D) Assets
Correct option is: (A) Current Liabilities
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When current ratio is 2 : 5 and the amount of current liability is Rs. 25,000, what is the amount of current assets ?
Correct option is: (C) 10,000
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i. Saving Deposit, Recurring Deposit, Cash Credit. Fixed Deposit ii. Overdraft, Fixed Deposit, Discounting of Bills, Cash Credit
i. Cash Credit ii. Fixed Deposit
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Overdraft as per Cash Book means debit balance as per Cash Book.
This statement is False. Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...
2 Answers 1 views
(i) Overdraft as per cash book means debit balance as per cash book.
(i) Normal bank balance as per cash book means debit balance as per cashback. (ii) The Bank column in cashback represents the business’s current account. (iii) The current account is opened by traders for day-to-day...
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Rahit purchased a washing machine in an installment scheme .It is sold for Rs 8000 cash or Rs 1000 cash down followed by equal instalments of Rs 18000
Correct Answer - 0.3508
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Identify the transactions as belonging to(i ) Operating Activities, (i) investing Activities, (iii) Financing Activities and (v) Cash and Cash Equival
Correct Answer - Operating Activities :(a),(b),(c),(d),(k),(o),(q),(r); Investing Activities (e),(i),(n) ,(p) ; financing Activities : (g),(h),(j),(I),(m); Cash and Cash Equivalents : (f).
2 Answers 1 views
State which of the following would result in inflow or outflow or no flow of Cash and Cash Equivalenes (a) Sale of Fixed Assets, Book Value ₹1,00,000
Correct Answer - Inflow ;(a), (b); Outflow:(c),(g); No flow: (d),(e), (f),(h).
2 Answers 1 views
For each of the following transactions, calculate the resulting Cash Flow and state the nature of Cash Fiow, ie., whether it is Operating, Investing o
Correct Answer - (a) ₹50,000: Investing Activity-Outflow; (b) ₹2,00,000 Investing Activity-Outflow (c ) ₹ 60,000; Investing Activity-inflow
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A Stock Exchange is a place where finanacial assets can be converted into cash. It helps in fixing the market value of securities and helps to know th
Correct Answer - (i) the functions referred in above para are: (a) Provide liquidity (b) Helps in price discovery (c) Economic barometer (ii) Other functions of stock exchange are: (a)...
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