MY SUCCESS 26

Cash Flow Quiz Q11–Q20 TC Cash Flow Quiz Q11–Q20 Teal Coral Clean theme — click any option to reveal the answer and explanation Cash Flow Classification & Standards Q11. Interest received by a finance company is classified under which activity while preparing a Cash Flow Statement? A. Cash Flow from Operating Activities B. Investing Activities C. Financing Activities D. Cash Equivalent Answer: Cash Flow from Operating Activities Solution: For a finance company, interest received is part of core operations and is therefore classified as cash flow from operating activities. Classification depends on the entity's primary operations and policy. Q12. Which of the...

Management Accounting Quiz Q1–Q10 TC Management Accounting Quiz Q1–Q10 Teal Coral Clean theme — click an option to reveal the correct answer and a concise explanation Cash Flow & Management Accounting Q1. The basic financial statements include A. Statement of Cash Flows B. Statement of Retained Earnings C. Balance Sheet and Income Statement D. All of the Above Answer: All of the Above Solution: The core set of financial statements typically comprises the Balance Sheet, Income Statement (Profit & Loss), Statement of Cash Flows and a Statement of Changes in Equity (which includes retained earnings). Q2. Cash flow example from a financing activity is ...

Accounting Quiz Q91–Q100 | Teal Coral Clean TC Accounting Quiz Q91–Q100 Teal Coral Clean theme — click an option to reveal the correct answer and concise explanation Questions Q91. Closing stock is recorded in the: A. Balance sheet B. Trading account C. Profit & loss account D. Both a & b Answer: Both a & b Solution: Closing stock appears in the Trading Account (as an adjustment to calculate gross profit) and is also shown as a current asset in the Balance Sheet at the period end. Q92. Mining rights are: A. Tangible assets B. Intangible Assets C. Fictitious Assets D. Nominal Assets ...

Accounting Quiz Q81–Q90 TC Accounting Quiz Q81–Q90 Teal Coral Clean theme — click an option to reveal the correct answer and concise explanation Questions Q81. Profit for the objective of calculating a ratio may be taken as: A. Profit before tax but after interest B. Profit after interest and tax C. Profit before interest and tax D. All the above Answer: All the above Solution: Different ratios use different profit measures (e.g., operating ratios use PBIT, return ratios may use PAT or PBT). The appropriate profit definition depends on the ratio being calculated. Q82. When a fixed asset is bought on hire purchase, interest element is classified under ______ activity...