Financial Statement Analysis and Reporting - - ... https://onlinecourses-archive.nptel.ac.in/noc19...
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Unit 1 - How to
access the portal
Register for
Certification exam Assignment 0
The due date for submitting this assignment has passed.
Course As per our records you have not submitted this Due on 2019-02-04, 23:59 IST.
outline
assignment.
How to access 1) Double entry accounting system means 1 point
the portal
Every business transaction has two fold effects
How to access
the home Every business transaction is recorded in journal & ledger
page?
Every business transaction is taken to trial balance
How to access
the course All of the above
page?
No, the answer is incorrect.
How to access Score: 0
the MCQ, MSQ
Accepted Answers:
and
Programming Every business transaction has two fold effects
assignments?
2) Drawings account of the proprietor is a 1 point
How to access
the subjective Personal account
assignments?
Real account
Quiz :
Assignment 0 Nominal account
None of the above
Week-1
No, the answer is incorrect.
Week-2 Score: 0
Accepted Answers:
Week-3
Personal account
Week-4 3) Which of the following accounts have only credit balance? 1 point
Week-5 Reserve Fund account
Week-6 Capital account
Accounts payable
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Financial Statement Analysis and Reporting - - ... https://onlinecourses-archive.nptel.ac.in/noc19...
4) Miscellaneous expenses
Powered by account is likely to have 1 point
Week-11
Only debit balance
Week-12
Only credit entries
TEXT
TRANSLATION
Both debit and credit entries
None of the above
Transcripts
No, the answer is incorrect.
Score: 0
Accepted Answers:
Only debit balance
5) Bank overdraft should be classified as 1 point
Current asset
Current Liability
Fixed asset
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
Current Liability
6) Which of the following is correct? 1 point
Closing stock + Purchases - Opening stock + Cost of goods sold = Zero
Opening stock - Closing stock - Purchases + Cost of goods sold = Zero
Purchases + Opening Stock - Closing Stock - Cost of goods sold = Zero
Cost of goods sold - Closing stock - Purchases - Opening stock = Zero
No, the answer is incorrect.
Score: 0
Accepted Answers:
Purchases + Opening Stock - Closing Stock - Cost of goods sold = Zero
7) The income statement of a limited company is known as 1 point
Manufacturing account
Trading and Profit and Loss account
Profit and Loss account
Profit and Loss Appropriation account
No, the answer is incorrect.
Score: 0
Accepted Answers:
Profit and Loss account
8) Which of the following is not taken into account while computing current 1 point
ratio?
Sundry creditors
Sundry debtors
Investments
Bank overdraft
No, the answer is incorrect.
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Financial Statement Analysis and Reporting - - ... https://onlinecourses-archive.nptel.ac.in/noc19...
Score: 0
Accepted Answers:
Investments
9) The most rigorous test of liquidity is 1 point
Current ratio
Acid test ratio
Super quick ratio
Stock turnover ratio
No, the answer is incorrect.
Score: 0
Accepted Answers:
Super quick ratio
10)The basic objective of making the cash flow statement as statutory statement is 1 point
To know the extent of cash profits in the firm
To know the funds position in the firm
To know the liquidity position in the firm
To know the financial position of the firm
No, the answer is incorrect.
Score: 0
Accepted Answers:
To know the extent of cash profits in the firm
11)Collection of accounts receivable will cause the current ratio to 1 point
Increase
Decrease
Remain unchanged
None of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
Remain unchanged
12)The Profit and loss account of a company 1 point
Must be prepared in the form set out by the Companies Act
May be prepared in form
Should be prepared in any form so as to give a true and fair picture of the
operations of the company
Any of the above
No, the answer is incorrect.
Score: 0
Accepted Answers:
Should be prepared in any form so as to give a true and fair picture of the operations of the
company
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Financial Statement Analysis and Reporting - - ... https://onlinecourses-archive.nptel.ac.in/noc19...
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