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MBA Accounting MCQ Question Set 4

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1. Under which concept it is assumed that the enterprises has neither the intention nor the necessity of liquidation or of curtailing materiality the scale of operation




2. Bookkeeping is an ______________ of correctly recording of business transition.




3. Journal Entries are known as book of ______________ Entry.




4. Fixed assets and current assets are categorized as per concept of:




5. The allocation of owner's private expenses to his/her business violates which of the following?




6. Profit from sale of assets is example for–




7. Book keeping is mainly concerned with




8. The convention of conservatism when applied to the balance sheet result in.




9. The amount brought in by the proprietor in the business should be credited to




10. The return of goods by the customer should be debited to




11. sales made by Mahesh for cash should be debited to




12. The rent paid to land lord to be credited to




13. Which of the following statements are false?




14. Contingent liabilities should be recorded in the accounts when:




15. Accounting concepts are based on




16. Retained earnings statement depicts:




17. Financial accounting deals with:




18. Financial account record only




19. Content of income statement




20. Depreciation is a ______________




21. Outstanding salary account is a ______________ account




22. The work of factory employees that can be physically associated with converting raw material into finished goods is classified as ––




23. Aggregate of prime cost and Factory overhead is known as:




24. Conversion cost includes cost of onverting ______________ into ______________




25. All costs other than direct materials cost, direct labour cost and direct expenses are known as:




26. ______________ is a summary of all transactions relating to particular account.




27. Amount of salary paid to Suresh should be debited to ______




28. Modern Method of Accounting was introduced by




29. If a company has contingent liabilities, they appear in the _____




30. The use of management accounting is




31. Financial account state the ______________ position of a concern.




32. Which group of ratios relates profits to sales and investment?




33. Process that involves decision making with respect to investment in fixed asset




34. When a Bond's Yield to Maturity is greater than the Bond's Coupon Rate, the Bond




35. The ______________ is a common term for the market consensus value of the required return on a stock.




36. Current ratio is 2:5.Current Liability is Rs.30,000.The Net working Capital is




37. ______________ means expanding the number of investments which cover different kinds of stocks.




38. What is the value of a $1,000 Face Value Bond that has twenty years remaining to Maturity, 10 % Coupon (paid annually), and is priced to yield 6%?




39. One of the problems with attempting to forecast stock market values is that




40. Which of the following is a characteristic of a coupon bond?




41. When the market's Required Rate of Return for a particular Bond is much less than its Coupon Rate, the Bond is selling at




42. ____ is responsible for financial inventory, management, financial planning etc.




43. Which group of ratios measures a firm's ability to meet short-term obligations?




44. Which one of following is not Direct Claim Security?




45. ABC’s and XYZ’s debt-to-total assets ratio is 0.4. What is its debt-to-equity ratio?




46. The Future Value (FV) of $1000 in 5 years at 5% interest rate will be:




47. Which of the following is an advantage of a corporation that is NOT an advantage as in a partnership?




48. You wish to earn a return of 13% on each of two stocks, X and Y. Stock X is expected to pay a dividend of Rs. 3 in the upcoming year while Stock Y is expected to pay a dividend of Rs. 4 in the upcoming year. The expected growth rate of dividends for both stocks is 7%. The intrinsic value of stock X:




49. Financial leverage means




50. A capital budgeting technique that is NOT considered as discounted cash flow method is:




51. The coupon is the




52. You wish to earn a return of 10% on each of two stocks, C and D. Each of the stocks is expected to pay a dividend of Rs2 in the upcoming year. The expected growth rate of dividends is 9% for stock C and nine percent for stock D. The intrinsic value of stock C ______________.




53. Which of following is (are) Direct Claim Security?




54. The ______________ is defined as the present value of all cash proceeds to the investor in the stock.




55. Break even analysis is also called