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91. The maximum number of partners allowed in general bussiness is:
A. 10
B. 20
C. 50
D. 100
92. A budget is a :
A. Financing statement
B. Quantitative statement
C. A report only
D. Any of the above
93. The latest development in the field of budgetting is :
A. Zero base budgetting
B. Flexible budgetting
C. Five year budgetting
D. Managerial budgeting
94. Which one of these is generally considered as the standards of the ncurrent ration ?
A. 1:1
B. 2:1
C. 0.5:1
D. None of these
95. Current ratio is:
A. Balance sheet ration
B. Profit and loss ration
C. Combined ration
D. None of the above
96. Balance sheet shows the financing for:
A. A given period of time
B. Particular data
C. Any of the above
D. None of the above
97. Net working capital stand for:
A. Fixed assets minus current assets
B. Current assets minus current liabilities
C. Fixed assets minus current liabilities
D. All the above
98. Which one of these is a current asset?
A. Furnitures
B. Transport vehicle
C. Account payable
D. Account receivable
99. Financial statement records:
A. Qualitative factors
B. Quantitative factors
C. Money transaction
D. All the above
100. For comparison, financial statement required for:
A. One year
B. Alleast two year
C. Three year
D. Four year