281. The maximum number of partners allowed in case of banking firm is :
A. 5
B. 10
C. 20
D. 40

282. The maximum number of partners allowed in general bussiness is:
A. 10
B. 20
C. 50
D. 100

283. A budget is a :
A. Financing statement
B. Quantitative statement
C. A report only
D. Any of the above

284. The latest development in the field of budgetting is :
A. Zero base budgetting
B. Flexible budgetting
C. Five year budgetting
D. Managerial budgeting

285. 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

286. Current ratio is:
A. Balance sheet ration
B. Profit and loss ration
C. Combined ration
D. None of the above

287. 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

288. 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

289. Which one of these is a current asset?
A. Furnitures
B. Transport vehicle
C. Account payable
D. Account receivable

290. Financial statement records:
A. Qualitative factors
B. Quantitative factors
C. Money transaction
D. All the above

NOTE
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