1
2
3
4
Correct answer is B
Turnover ratio is the cost of goods sold divided by the average stock for the same period
Cost of goods sold = opening stock + purchases - closing stock
25,120 + 44,880 - 27,840 = 42,160
Average stock = opening stock + closing stock / 2
25,120 + 27,840 = 52960 / 2 = 26,480
Turn over = 42,160 / 26,480 = 1.59 times Approximately 2 times
1:94:1
1:96:1
1:1:94
1:1:96
Correct answer is B
Acid test ratio = cash + cash equivalents + marketable securities + current accounts receivables / Total current liabilities
Investment at cost of a company is to be disclosed under
Trading accounts
Profit and loss account
Balance sheet
Source and application of fund
Correct answer is C
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity. The balance sheet is one of the three (income statement and statement of cash flows being the other two) core financial statements used to evaluate a business.
Application and allotment account and credit unsubscribed shares
Application and allotment account and credit cash
Oversubscribed shares and credit allotment account
Oversubscribed shares and credit allotment account
Correct answer is B
You will debit application and allotment account and credit cash because monies that have been collected from the public wil have to be returned
1 and 11
1, 11 and 111
1 and 111
11 and 111
Correct answer is B
Documents presented to the Registrar of companies for incorporation
From the above explanation, its safe to the Memorandum of Association of the Company, Article of Association of the Company and the Incorporation documents are all required for incorporation