Related Questions

Rashna Company collected the following data in its accounting records in 2014 : From the income statement : Depreciation expense Tk. 1,000 Loss on sale of equipment 3,000 From the comparative balance sheet : Beginning balance , equipment Tk. 12,500 Ending balance , equipment 8,000 Beginning balance , accumulated depreciation 2,000 Ending balance , accumulated depreciation 2,400 No new equipment was purchased during the year. The equipment was sold at the end of the year. What was the cash in -flow from the sale of equipment in 2014?
A Tk, 3,900
B Tk. 1,000
C Tk. 900
D Tk. 600
As of December 31, 2020, Apple Company has assets of Tk. 3,500 and equity of Tk. 2000. What are the liabilities for Apple Company as of December 31, 2020?
A Tk. 1,500
B Tk. 1,000
C Tk. 2,500
D Tk. 2,000
A company reports sales revenue of Tk. 200 million the current year and Tk. 180 million last year. Their total assets in the current year are Tk. 150 million and last year's total assets were Tk. 130 million . What is the current year's asset turnover ratio ?
A 1.48
B 1.33
C 1.36
D 1.43
The ratio obtained by dividing 'quick assets' by current liabilities is called
A Turnover ratio
B Acid test ratio
C Solvency ratio
D None of these
The Balance sheet reported a beginning balance TK. 20,000 in Accounts Receivable and an ending balance of TK. 15,000 . Credit sale of TK. 2,00,000 were made during the year. Using the information compute cash collection from customers.
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The Balance sheet reported a beginning balance TK. 20,000 in Account Receivable and an ending balance of TK. 15,000. Credit sale of TK. 2,00,000 were made during the year. Using the information computer cash collection from customers .
A TK. 2,05,000
B TK. 1,95,000
C TK. 2,00,000
D TK. 2,15,000
The ratio of current assets to current liabilities is known as
A Liquidity ratio
B Current ratio
C Acid-Test (or Quick) ratio
D Debts ratio
Current assets less inventories divided by current liabilities is known as
A Liquidity ratio
B Current ratio
C Acid-Test (or Quick) ratio
D Debts ratio
২০২০ সালে রাসনা কোম্পানির সম্পত্তি ৭০,০০০ টাকা কমেছে এবং দায় ১০০,০০০ টাকা বেড়েছে। ফলশ্রুতিতে মালিকানা স্বত্ব ___। (During 2020 Rashna Company's assets decreased by Tk. 70,000 and liabilities increased by Tk. 1,00,000. Its owners' equity, therefore ____.)
A ১,৭০,০০০ টাকা বেড়েছে (increased by Tk 1,70,000)
B ১,৭০,০০০ টাকা কমেছে (decreased by Tk 1,70,000)
C ৩০,০০০ টাকা বেড়েছে (increased by tk 30,000)
D ৩০,০০০ টাকা কমেছে (decreased by Tk. 30,000)
What refers to the residual value of a company’s assets after all outside liabilities (shareholders excluded) have been allowed for?
A Dividend
B Equity
C Return
D Par value

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