Company Z has total capital of Rs.20 lac. Its Earnings Before Interest and Tax (EBIT) is Rs.10 lac. Corporate tax rate is 20% and interest on debt is 10%. What shall be total earning on debt and equity if ratio of debt and equity is 50:50

When debtor turnover is calculated in terms of time period : (which one is incorrect):

The investors in any component of the capital of a firm keep a watch on the amount raised by the firm from the market. The comfort level of the investors declines as the firm raises more and more capital. Generally, the rate of return required by investors tends to increase as more capital is raised by the firm. This concept is called the _______. This rise in the required rate of return is not a continuous rise but there is a particular level beyond which the cost increases and thereafter, remains same. This particular level is known as the ______.

A business enterprise is supposed to bring a part of long term funds (called net working capital) required to maintain the desired level of current assets from its long-term sources. If it is not able to do it, what type of loan can be considered by banks?

As per Government of India Ministry of Corporate Affairs, Companies (Indian Accounting Standards) Rules, 2015, which of the following type of companies are required to follow Ind AS. 1 companies whose equity or debt securities are listed or are in the process of being listed on any stock exchange in India or outside India 2 Unlisted companies having net worth of rupees two hundred and fifty crore or more 3 holding, subsidiary, joint venture or associate companies of companies covered by (1) and (2) above. 4 all non-bank finance companies

Total expenditure on depreciation, repairs and renewal is higher in respect of which method of depreciation, in the initial years?

Fill in the blanks in the following statements? 1 If direct rate is not available within 2 currencies ___ rule is used.  2 If date of contract and date of delivery are different and effect is given with reference to date of settlement, it called ____ date. 3 If foreign currency rate is higher at present and lower in future, the foreign currency trading is at ___

Financial Management means applying the management principles to matters related to what?

The Accounting period concept is applied in which of the following situations? 1. Comparing the financial statements for different periods. 2. Uniform and consistent accounting treatment for finding out the profit and assets of the business 3. Matching periodic revenues with expenses for getting correct results of the business operations, thereby measuring the performance during the period in concern. 4. Enables tax calculation and dividend distribution.

In case of a floating rate home loans, if the loan is under an EMI system, depending upon the change in interest rate, what happens? 1) the repayment period varies 2) equated monthly instalment remains the same 3) borrower may choose to have the repayment period same and pay a higher EMI.

If a mandatory accounting standard is not followed, what are the auditors required to do if they are members of Institute of Chartered Accountants of India (ICAI)?

The risk should be spread over many investments instead of putting all the money in one or two investments. This is as per which principle of finance?

The firm had paid salary of Rs.5000 to a staff member but his personal account has been debited. Pass the journal entry for rectification of this entry.

Balance in the cash book of the firm is Rs.25000. It is overcast by Rs.1000. Out of cheques of Rs.12000 deposited with the bank, cheques of Rs.10000 only have been credited so far. Out of cheques of Rs.10000 issued, cheques of Rs.3000 have not been presented. The balance as per pass book should be:

Accounting Standard AS-11 is applicable to which of the following transactions? 1 accounting for transactions in foreign currencies 2 translating the financial statements of foreign operations 3 foreign currency transactions in the nature of forward exchange contracts 4 Exchange differences between home currency and foreign currency

Which of the following does not match?

Which of the following formulae can be used for calculation of equated monthly instalment (EMI)?

X purchased a Bond with face value of Rs.1000 and coupon of 8% and maturity of 6 years. If YTM is increased by 1%, the change in price of Bond-2 would be:

The left side entry in an account means:

‘Accounting is an art of recording, classifying and summarising, in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof’. This definition has been given by whom?