Practice Static GA Questions and Answers

• Revenue is recognized when the revenue is earned, not when the cash is received
• EBIT stands for Earning Before Income Tax
• Net income is income after deduction of tax and interest
• The consistency principle states that, once you adopt an accounting method, you shall continue to follow that in future accounting periods 
• "Accrual" refers to any individual entry recording revenue or expense in the absence of a cash transaction. 
• Company is perpetual or a going concern
• Prudence means being conservative – accountant to record liabilities and expenses as soon as they occur, but revenues only when they are assured or r...
• Unearned revenue is liability of a company 
• Ratio of Net Income to Number of Equity Shares is known as:
• DU PONT Analysis deals with:
• Return on Investment may be improved by:
• Gross Profit Ratio for a firm remains same but the Net Profit Ratio is decreasing. The reason for this could be:
• Gross Profit Margin is calculated by:
• Account Receivable Turnover ratio is calculated by
• Inventory Turnover measures the relationship of inventory with:
• Suppliers and Creditors of a firm are interested in
• Analysis of any financial Statement comprises
• Which of the following is Not correct regarding Money Market?
• Fill in the Blank: The _____ratio are measure of speed with which various accounts are converted into revenue from operations or cash.
• Fill in the Blank: The _________ is useful in evaluating credit and collection policies.
• Which of the following is not a solvency ratio?
• Suppliers and Creditors of a firm are interested in
• Which of the following is correct?
• Which of the following is not one of the items of Triple Bottom line for a company?
• Which of the following is a liability?
• By decreasing the SLR, the RBI:
• Which of the following is correct?
• Which of the following is not recommended by the committee on banking sector reforms?
• Which of the following is not covered under Payment and Settlement?
• Which of the following is incorrect
• Loan repayment by instalment payments is called as -
• Decision making in Capital Budgeting requires all information except-
• Which of the following statements is correct? I: Price earnings (PE) ratio shows how much an investor is willing to pay for each rupee of the earnings give...
• Analysis of any financial Statement comprises
• Which of the following is a measure of Debt Service capacity of a firm?
• Which of the following is accounted for SLR:
• Operating Profit Margin is calculated by
• Under provisions of which act banks and other financial institutions are allowed to auction residential or commercial properties to recover loans. ...
• In Finance, what is Discount Rate?
• The minimum rate set by the Reserve Bank of India below which the banks are not allowed to lend to its customers is known as