NCERT Class 11 Chapter 9 Accountancy Financial Statement 1 MCQ | Questions & Answers

NCERT Class 11 Chapter 9 Accountancy Financial Statement 1 MCQ | Questions & Answers: Want to know your expertise in the NCERT Class 11 Chapter 9 Accountancy Financial Statement 1 concept? If so, then here we have come up with another NCERT Class 11 Chapter 9 Accountancy Financial Statement 1 MCQ Quiz. Make sure that you submit your answers at the end to get the instant results.

 0%

Page 1 of 3

1. The term ‘Financial Statement’ covers

2. Which of the following items is included in the adjustment of net income to obtain cash flow from operating activities?

3. A financial statement that summarizes company revenue and expenses is?

4. How would revenue from sales of goods and services be classified?

5. What is a limitation common to both the current and quick ratio?

6. What is Form 10-K?

7. What does an increasing collection period for accounts receivable suggest about a firm’s credit policy?

8. What type of accounts are accounts receivable and inventory?

9. Subtracting all expenses from revenues yields?

10. What information does the auditor’s report contain?