Working Capital is a term meaning:

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Question:
Working Capital is a term meaning:

1.The total of Fixed Assets - Current Assets

2.The capital less drawings

3.The amount of capital invested by the proprietor

4.The excess of the current assets over the current liabilities

Posted Date:-2021-10-28 13:53:41

More MCQS Questions and answers

  1. Which of the following is correct?
  2. A Bank Reconciliation Statement is a statement:
  3. A cash discount is best described as a reduction in the sum to be paid:
  4. A credit balance of £200 on the cash columns of the cash book would mean:
  5. A debit balance brought down on a Packing Materials Account means:
  6. A firm bought a machine for £16,000. It is expected to be used for 5 years then sold for £1,000. What is the annual amount of depreciation if the straight line method is used?
  7. A firm bought a machine for £3,200. It is to be depreciated at a rate of 25 per cent using the Reducing Balance Method. What would be the remaining book value after 2 years?
  8. A Provision for Doubtful Debts is created:
  9. An alternative name for a Sales Journal is:
  10. Any loss on revaluation is:
  11. Assets can be revalued in a partnership change because:
  12. £50 cash taken from the cash till and banked is entered:
  13. Capital Expenditure is:
  14. Carriage inwards is charged to the trading account because:
  15. Depreciation is:
  16. Discounts received are:
  17. Entered in the Purchases Journal are:
  18. Errors are corrected via the Journal because:
  19. Given cost of goods sold £16,000 and margin of 20 per cent, then sales figure is:
  20. Given opening capital of £16,500, closing capital as £11,350 and drawings were £3,300, then:
  21. Given opening debtors of £11,500, Sales £48,000 and receipts from debtors £45,000, the closing debtors should total:
  22. Gross profit is:
  23. If a trial balance totals do not agree, the difference must be entered in:
  24. If £500 was shown added to Purchases instead of being added to a fixed asset:
  25. If creditors at 1 January 20X3 were £2,500, creditors at 31 December 20X3 £4,200 and payments to creditors £32,000, then purchases for 20X3 are:
  26. If it is required to maintain fixed capitals then the partners' shares of profits must be:
  27. If you want to make sure that your money will be safe if Cheques sent are lost in the post, you should:
  28. In a Sales Ledger Control Account the Bad Debts written off should be shown in the account:
  29. In the Manufacturing Account is calculated:
  30. In the trial balance the balance on the Provision for Depreciation Account is:
  31. Is it true that the trial balance totals should agree?
  32. Net profit is calculated in the:
  33. Suppliers' personal accounts are found in the:
  34. The best method of departmental accounts is:
  35. The costs of putting goods into a saleable condition should be charged to:
  36. The credit entry for net profit is on the credit side of:
  37. The Issued Capital of a company is:
  38. The Journal is:
  39. The total of the 'Discounts Allowed' column in the Cash Book is posted to:
  40. The total of the Purchases Journal is transferred to the:
  41. The total of the Returns Outwards Journal is transferred to:
  42. The total of the Sales Journal is entered on:
  43. When a petty cash book is kept there will be:
  44. When banking money in to your current account you should always use:
  45. When the final accounts are prepared, the Bad Debts Account is closed by a transfer to the:
  46. When the final accounts are prepared, the Bad Debts Account is closed by a transfer to the:
  47. Which of these best describes a balance sheet?
  48. Which of these best describes fixed assets?
  49. Working Capital is a term meaning:
  50. _____ the transactions is known as Book Keeping.
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