Which of the following group is not an outside liability:

a.  Term loan, Sundry creditors, Bank cash credit limit.

b.  Term loan, Debentures, Bank cash credit limit.

c.  Term loan instalment due in 12 months, Outstanding expenses, Bank cash credit limit.

d.  Term loan instalment due in 12 months, Revaluation Reserve, Bank cash credit limit.

Which of the following does not match:

a. Pre-operative expenses-Current liability.

b. Outstanding expenses-Current liability.

c. Prepaid expenses-Current assets.

d. Preliminary expenses- Intangible assets.

Which of the following is part of short term sources of a business firm:

a. Term loan, sundry creditors, expenses payable.

b. Bank cash credit limit, sundry creditors, expenses payable.

c. General reserves, sundry creditors, provisions.

d. Debentures, sundry creditors, bank overdraft limit.

For a business firm, which of the following is a group representing current assets:-

a. Stocks, cash, preliminary expenses. 

b. Debtors, receivables, pre-operative expenses.

c. Pre-paid expenses, bank FDR, book debts.

d. Short term advances received from customers, cash, prepaid expenses.

A Business firm has the following assets. Which is part of the fixed assets:

a. Plot of land: for a property development firm.

b. Machinery: for a machinery supplier firm. 

c. Computer: for a software development firm. 

d. Transport vehicle: for a vehicle dealer firm.

Which of the following is non-current asset for a manufacturing firm:

a. Investment in firms, cash, book-debt old than 6 months.

b. Investment in unquoted shares, equipment used in business, long term security deposit.

c. Investment in long term govt. security, loans to sister firms, un-usable stocks.

d. 3 months old book debts, 6 months old stocks, investment in shares listed on stock exchange.

Which of the following is part of long term use of funds of a firm:

a. Purchase of vehicle, investment in other firms, bank fixed deposit with 2-year maturity.

b. Long term security deposit, goodwill, purchase of land and building.

c. Construction of building, investment in bonds, pre-paid expenses.

d. Pre-operative expenses, preliminary expenses, outstanding expenses.

Which is part of current assets or short term uses:

a. Pre-paid expenses, 1-year term deposit with a bank, 4 months old book-debts.

b. 7 months old book debts, 5 months' old stock, advance allowed to staff against salary.

c. 2-year term deposit with a bank, 2-year loans given to another firm, sundry debtors.

d. Pre-paid expenses, preliminary expenses, preoperative expenses

Which of the following statement is not correct:

a. Net worth minus intangible = Tangible net worth.

b. Net worth + Long term liabilities = long term sources.

c. Long term liabilities + current liabilities = total liabilities.

d. Current liabilities = short term sources.