Quiz 2

AC

Accounting Quiz — Q61 to Q70

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Q61

Current Ratio is:

Solvency Ratio Liquidity Ratio Activity Ratio Profitability Ratio

Q62

Liquid asset does not include :

Bill receivable Debtor Bank Balance Prepaid Expenses

Q63

The ___ of a business firm is measured by its ability to satisfy its short term obligations as they become due:

Activity Liquidity Debt Profitability

Q64

Patent and copyright fall under the category of :

Factitious Assets Current Assets Intangible Assets Tangible Assets

Q65

Which of the following transaction will improve quick ratio:

Sale of Goods for cash Sale of Goods on credit Issue of new share for cash All above

Q66

Debt equity ratio is :

Operating Ratio Liquidity Ratio Solvency Ratio Activity Ratio

Q67

Ideal Quick Ratio is

1:1 2:1 1:2 1:3

Q68

If Current Ratio is 2:1, after payment of creditors ratio will

Decrease Increase No change None of the above

Q69

If Current Ratio is 2:1, after purchase of goods on credit ratio will

Decrease Increase No change None of the above

Q70

Debt Equity Ratio is

Short Term Debts /Shareholder’s fund Long term debts/ Shareholder’s fund Shareholder’s fund/ Long term debts Long term debts+ Short Term Debts/ Shareholder’s fund

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