In a single entry system, which accounts are usually maintained? MCQ with Answer and Explanation
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Question #1
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Which of the following is a profitability ratio?
Correct Answer: Option D
Explanation:
Return on Investment (ROI) measures the profitability of the capital employed in the business.
Return on Investment (ROI) measures the profitability of the capital employed in the business.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The 'Interim Dividend' is declared by:
Correct Answer: Option B
Explanation:
Interim dividend can be declared by the Board of Directors between annual general meetings.
Interim dividend can be declared by the Board of Directors between annual general meetings.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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Which of the following is NOT a feature of cash basis accounting?
Correct Answer: Option B
Explanation:
Cash basis does not follow the matching principle, as revenues and expenses are recorded only when cash is exchanged.
Cash basis does not follow the matching principle, as revenues and expenses are recorded only when cash is exchanged.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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