The formula for debt-equity ratio is: MCQ with Answer and Explanation
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Question #1
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The 'Banking Cash Transaction Tax' (BCTT) was a:
Correct Answer: Option A
Explanation:
BCTT was a direct tax on cash withdrawals from banks, abolished in 2009.
BCTT was a direct tax on cash withdrawals from banks, abolished in 2009.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A company's earnings before interest and tax (EBIT) is ₹2,00,000. It has 12% debentures of ₹5,00,000. The interest coverage ratio is:
Correct Answer: Option B
Explanation:
Interest = 12% of 5,00,000 = 60,000. Interest coverage ratio = EBIT / Interest = 2,00,000 / 60,000 = 3.33 times.
Interest = 12% of 5,00,000 = 60,000. Interest coverage ratio = EBIT / Interest = 2,00,000 / 60,000 = 3.33 times.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Joint Arrangements' (Ind AS 111) are classified as:
Correct Answer: Option A
Explanation:
Ind AS 111 classifies joint arrangements based on rights and obligations.
Ind AS 111 classifies joint arrangements based on rights and obligations.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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