The total assets of a firm are 80 and its long term sources are 50 and net worth is 20:

a. Current liabilities are 30.

b. Current liabilities are 10.

c. Total outside liabilities is 70.

d. Current liabilities cannot be worked as information is incomplete.

Cash 10, capital 16, bank overdraft 12, machinery 15, stocks 12, term loan 22, debtors 13:

a. Current assets = 50

b. Current liabilities = 34

c. Long term sources = 38

d. Long term uses = 28

Cash 12, capital 14, bank overdraft 10, machinery 15, stocks 12, reserves 10, term loan 12, debtors 13, preliminary expenses 4, prepaid expenses 2 (which of the following not correct):

a. Current assets = 37

b. Long term sources = 36

c. Tangible net worth = 20

d. Net worth = 24

Cash generation/cash profit or cash accrual means:

a. Profit + depreciation.

b. Profitless depreciation.

c. Net profit.

d. None of the above.

The loss before depreciation (i.e. net loss — depreciation) is called:

a. net loss.

b. actual loss.

c. accumulated loss.

d. cash loss

Which of the following is not an intangible asset?

a. Preliminary expenses. 

b. Pre-operative expenses.

c. Debit balance of profit and loss account.

d. Prepaid expenses.

Prepaid Insurance is shown in the balance sheet of a firm as:

a. Fixed assets

b. Intangible asset

c. Non-current assets.

d. Current Asset

e. Current liability

The original cost of Fixed assets - Depreciation:

A: Net block.

B: Written down value.

C: Book value.

D: Any of the these.