Eps Class 12 Chapter 11 Objective
12th Entrepreneurship Chapter 11 Objective : Here you can find class 12th eps Objective questions for board exam 2022. Fund flow statement objective questions is very important for board exam 2022. eps class 12 chapter 11 objective question answer.
Fund flow statement
1.What will do purchase of plant in working capital :
(a) Decrease
(b) Increase
(c) No effect
(d) None of the above
Ans . (a) Decrease
- Increase in Fixed Assets due to Cash Purchase is :
(a) Sources of fund
(b) Application of fund
(c) Inflow of fund
(d) None of these
Ans . (b) Application of fund
- Increase in Share Premium is :
(a) Sources of fund
(b) Application of fund
(c) No flow of fund
(d) None of these
Ans . (a) Sources of fund
- Closing Stock is :
(a) Sources of fund
(b) Application of fund
(c) No flow of fund
(d) None of these
Ans . (a) Sources of fund
- Opening Stock is :
( a ) Source of fund
( b ) Application of fund
( c ) Neither fund of nor application source
( d ) None of these
Ans . ( b ) Application of fund
- Purchase of goodwill by issuing debentures is :
( a ) Application of Fund
( b) Sources of Fund
(c) No flow of Fund
(d) None of these
Ans . (c) No flow of Fund
- The term Fund ‘ as used in Fund Flow Analysis means :
( a ) Cash only
( b ) Current Assets
( c ) Current Liability
( d ) Excess of Current Assets over Current Liabilities
Ans . ( d ) Excess of Current Assets over Current Liabilities
- Which of the following is a non – current asset ?
(a) Goodwill
(b) Bills Receivable
(c) Prepaid Expense
(d) Debtors
Ans . (a) Goodwill
- Depreciation on Plant and Machinery is :
(a) Source of fund
(b) Application of fund
(c) No flow of fund
(d) None of these
Ans . (a) Source of fund
- Current Assets include :
(a) Furniture
(b) Investment
(c) Goodwill
(d) Debtors
Ans . (d) Debtors
- Which of the following is a non – current liability ?
(a) Mortgage Loan
( b ) Bank Overdraft
(c) Outstanding Salaries
(d) Prepaid Expense
Ans . (a) Mortgage Loan