Long term assets having no physical existence but, possessing a value are called. ... A) Intangible assets. The assets that can be easily converted into cash within a short period i. a. A) Current assets. Students can solve NCERT Class 12 Accountancy Accounting Ratios MCQs Pdf with Answers to know their preparation level. The cost concept is a traditional method concerning the asset is paid on the date of purchase and does not change year after year. c. Intangible assets. Accountancy MCQs for Class 12 Chapter Wise with Answers PDF Download was Prepared Based on Latest Exam Pattern. True. Financial Statement MCQs is a set of important multi choice questions. Fixed assets. The assets that can be converted into cash within a short period (i.e. Finance multiple choice question (MCQs) test page-1. D) Investments. These finance quiz are from basic finance theory, financial management, corporate finance, personal finance, and public finance. MCQs for upcoming JKSSB Accounts Assistant Exam. The word ‘cost’ is also known as ‘money cost’ which is linked with the capital expenditure of a … Current ratio is also known as acid test ratio. Link to Finance MCQs (PDF) is given below. 14. 16. Fixed assets. B) Fixed assets. a. The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where. i.e., 1 year or less is known as 2. This involves the cost incurred for transportation, installation, and acquisition. A) Intangible assets. 10. D) Investments. 2. The short-term financial needs of the companies are generally met from Trade Credit. Assets which are acquired and held permanently and used in the business with the objective of making profits is known as [A] fixed assets [B] current assets [C] intangible assets [D] none of the above; Answer: Option [A] B) Fixed assets. Answer: A. The assets that can be easily converted into cash within a short period, i.e., 1 year or less are known as. Current assets. C) Current assets. Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Accounting Ratios MCQs Ratio Analysis MCQs (Multiple Choice Questions and Answers) Choose the correct answer: 1. ... As a Prepaid within current assets (c) As a 'creditor due within one year' (d) As a creditor due after more than one year' ... Wrong! Which of the following financial statements is also known as financial condition? Current assets of a business should be financed through both long term and short-term liabilities. b. The long term assets that have no physical existence but are rights that have value is known as. Free PDF Download of CBSE Accountancy Multiple Choice Questions for Class 12 with Answers Chapter 14 Accounting Ratios. b. 1 year or less) are known as. Question 3. Proprietary ratio = Shareholder’s fund/Total assets. B) Fixed assets. 3. C) Intangible assets. C) Current assets. 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