The 'Cost Volume Profit' (CVP) analysis is a tool for: MCQ with Answer and Explanation
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Question #1
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A company's quick ratio is 1:1, current assets ₹2,00,000, inventory ₹40,000. Current liabilities are:
Correct Answer: Option C
Explanation:
Quick assets = Current assets - Inventory = 2,00,000 - 40,000 = 1,60,000. Quick ratio = QA / CL = 1:1, so CL = ₹1,60,000.
Quick assets = Current assets - Inventory = 2,00,000 - 40,000 = 1,60,000. Quick ratio = QA / CL = 1:1, so CL = ₹1,60,000.
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Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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The audit conducted continuously throughout the year is known as:
Correct Answer: Option A
Explanation:
A continuous audit involves the auditor visiting the client regularly throughout the financial year, ideal for large organizations with voluminous transactions.
A continuous audit involves the auditor visiting the client regularly throughout the financial year, ideal for large organizations with voluminous transactions.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Section 194R' requires TDS on:
Correct Answer: Option A
Explanation:
TDS at 10% on any benefit or perquisite exceeding ₹20,000 in a year from business/profession.
TDS at 10% on any benefit or perquisite exceeding ₹20,000 in a year from business/profession.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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