Accounting Procedures MCQs Quiz

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1. The conflict of interest between stockholders and management is known as:


2. Which of the following ratios are particularly interesting to short term creditors?


3. AST Company has a current ratio of 4:3. Current Liabilities reported by the company are $30,000. What would be the Net Working Capital for the company?


4. In which form of business, owners have limited liability?


5. Which of the following item provides the important function of shielding part of income from taxes?


6. The process of determining the present value of a payment or a stream of payments that is to be received in the future is known as:


8. You need $10,000 to buy a new television. If you have $6,000 to invest at 5 percent compounded annually, how long will you have to wait to buy the television?


9. Which of the following equation is known as Cash Flow (CF) identity?


10. In which of the following type of annuity, cash flows occur at the beginning of each period?


11. Between the two identical bonds having different maturity periods, the price of the _____ bond will change less than that of _______ bond.


12. Which of the given areas is addressed by Business Finance?


14. Which of the following is measured by profit margin?


15. A company having a current ratio of 1 will have _______ net working capital.


16. Business Finance addresses which of the following?


17. In which type of business, all owners share in gains and losses and all have unlimited liability for all business debts?


18. Which of the following is measured by retention ratio?


19. How many years will it take to pay off a $11,000 loan with a $1,241.08 annual payment and a 5% interest rate?


20. Which one of the following terms refers to the risk arises for bond owners from fluctuating interest rates?


22. If a firm uses cash to purchases inventory, its quick ratio will:


23. Standard Corporation sold fully depreciated equipment for $5,000. This transaction will be reported on the cash flow statement as a(n):


24. Which of the following form of business organization is least regulated?


25. A group of accounts with a common characteristic, such as all customer accounts is a …?


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