Accountancy : Company Accounts and Analysis of Financial Statements 2009 CBSE [ Delhi ] Set III
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Q1
Why is a gaining ratio calculated?
Marks:1View AnswerAnswer:
Gaining ratio is calculated for the distribution of goodwill among old partners.
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Q2
Why is “Goodwill” considered an “Intangible Asset” but not a “Fictitious Asset”?
Marks:1View AnswerAnswer:
Goodwill is considered as intangible asset because it cannot be seen and touched. It is not a Fictitious asset because it has some value.
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Q3
State when Donations are capitalised, and not yet shown under the head “Donations” in the balance sheet of a not-for-profit organisation.
Marks:1View AnswerAnswer:
When donations is received for a specific purpose.
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Q4
How is interest on drawings calculated, if the drawings are made at regular intervals, as on the fifteenth day of each month?
Marks:1View AnswerAnswer:
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Q5
Why would an investor prefer to invest in shares of Company rather than in its Debentures?
Marks:1View AnswerAnswer:
To enjoy the ownership rights of a company.
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Q6
State why Cash flow Statement is not a substitute for Income statement?
Marks:1View AnswerAnswer:
Cash flow statement includes only cash transactions.
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Q7
When is interest received considered as financing activity?
Marks:1View AnswerAnswer:
No interest received can never be treated as financing activity.
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Q8
What will be the operating profit ratio, if operating ratio is 89.08%?
Marks:1View AnswerAnswer:
Operating profit ratio = 100% - 89.08% = 10.92%
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Q9
What is a Grid?
Marks:1View AnswerAnswer:
It is the combination of computer resources from multiple administrative domains applied to a common task.
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Q10
What is a database?
Marks:1View AnswerAnswer:
A database is a collection of related data along with details of the interpretation of the data contained therein.
