MGT101 SOLVED QUIZS

Which of the following would NOT be considered as a component of 'cost' of stock?
► Salaries of selling staff
► Transportation inward costs
► Import duties
► Purchase price

Which of the following are the owners of a company?
► Proprietors
► Partners
► Shareholders
► Managers

If dividend is proposed by directors of the company @ 30% for the year, it will be
calculated on:
► Capital Reserve
► Authorized share capital
► Paid up share capital
► Share premium

In which of the following interim dividend is treated?
► In profit and Loss account
► In profit and Loss appropriation account
► On the asset side of the Balance Sheet
► In trading account

Which of the following documents contains rules and regulations for internal
management of the company?
► Memorandum of Association
► Articles of Association
► Prospectus
► Statutory Declaration

When preparing a cash flow statement, which of the following would be classified as a
financing activity?
► A new long-term loan taken out to finance the purchase of fixed assets
► Salaries paid
► Interest paid on a long-term bank loan
► The cost of purchasing a patent

When opening stock is Rs. 50,000, closing stock Rs. 60,000 and cost of goods sold Rs.
220,000. What will be stock turnover ratio?
► 2 times
► 3 times
► 4 times
► 5 times

What does a credit balance in a partner’s current account represent to a business?
► Current Assets
► Current Liability
► Long-term liability
► Share of profit

Net Profit + Expenses= _________
► Liabilities
► Assets
► Capital
► Income

What would be the value of 'cost of goods manufactured' if the total factory cost of the
month is Rs. 6,000, opening work in process is Rs. 2,000 and the closing work in process
is Rs. 2,500?
► Rs. 5,500
► Rs. 8,000
► Rs. 4,500
► Rs. 8,500