Accounting For Managers

231. ______________ is a summary of all transactions relating to particular account.

1. Balance sheet
2. Trial Balance
3. Ledger
4. Journal

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232. Amount of salary paid to Suresh should be debited to ______________

1. Account of Suresh
2. Salaries account
3. Cash account
4. Outstanding expenses

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233. Modern Method of Accounting was introduced by

1. M. S. Gosav
2. Wheldon
3. LucoPacioli
4. R. N. Carter

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234. If a company has contingent liabilities, they appear in the ______________

1. Balance Sheet
2. Director’s Report
3. Foot note down the balance sheet
4. Chairman’s report

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235. The use of management accounting is

1. Compulsory
2. Optional
3. Obligation
4. Statutory requirement

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236. Financial account state the ______________ position of a concern.

1. Financial
2. Economic
3. Non financial
4. None of these

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237. Which group of ratios relates profits to sales and investment?

1. Liquidity ratios
2. Debt ratios
3. Coverage ratios
4. Profitability ratios

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238. Process that involves decision making with respect to investment in fixed asset

1. Valuation
2. Breakeven analysis
3. Capital budgeting
4. Material management decision

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239. When a Bond's Yield to Maturity is greater than the Bond's Coupon Rate, the Bond

1. Is selling at a Premium
2. Has reached its Maturity Date
3. Is priced at Par
4. Is selling at a Discount

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240. The ______________ is a common term for the market consensus value of the required return on a stock.

1. Dividend payout ratio
2. Intrinsic value
3. Market capitalization rate
4. Plowback rate

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