Quiz Space

Financial Forensics · Quiz 1 · 16 Jul 2023 · May 2023 term

Financial Forensics Quiz 1 16 Jul 2023 — Question 7

Question 7

+1 markOne correct option

All of the following are long-term liabilities except:

  1. A

    Bonds payable

  2. B

    Current maturities of bank loan

  3. C

    Mortgage payable

  4. D

    Lease liabilities

Show answer

Correct answer

  • B

    Current maturities of bank loan

See the whole paperTake it as a mock test

Question 7 of 35 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term (IIT M DEGREE AN2 EXAM QPE2 16 JULY 2023). It carries 1 mark.

This question was also asked in

More questions from this paper

  1. Q1| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  2. Q2| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  3. Q3| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  4. Q4| Net income | ₹ 9,800 | |---|---| | Proceeds from issuance of stock | ₹ 58 | | Proceeds from sale of property and equi…
  5. Q5All of the following are non current assets except:
  6. Q6Mr. Steven started a furniture business with ₹ 55,00,000 as capital. 40% of the amount was brought in cash and the rema…
  7. Q8XYZ Inc. hired a factory shed for monthly rent of ₹ 65,000. In the month of July 2022 the business paid only 30% of the…
  8. Q9A business invested ₹ 15,00,000 in a bank in the form of fixed deposit. The transaction will result in
  9. Q10At the beginning of the month the company hired workers and employees for a total monthly remuneration of ₹ 78,000 paya…
  10. Q11An amount of ₹ 2,50,000 was spent towards advertisement and sales promotion activities. The payment was made through ch…
  11. Q12If Roobes \& Co. had bought raw materials worth Rs. 5,00,000, for a trade discount of 10% and cash discount of 20% for …
  12. Q13Purchase of goods on cash basis reduces cash and increases
  13. Q14Depreciation is
  14. Q15Dividend to the shareholders are paid out of
  15. Q16| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  16. Q17| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  17. Q18| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  18. Q19| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  19. Q20| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  20. Q21| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  21. Q22| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  22. Q23| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  23. Q24| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  24. Q25| | Year 1 | Year 2 | Year 3 | |---|---|---|---| | Sales | ₹ 2,250 | ₹ 2,600 | ₹ <u>I</u> | | Cost of goods sold: | | |…
  25. Q26| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  26. Q27| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  27. Q28| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  28. Q29| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  29. Q30| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  30. Q31| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  31. Q32| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  32. Q33| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  33. Q34| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…
  34. Q35| | Year 1 | Year 2 | Year 3 | Year 4 | |---|---|---|---|---| | Current Assets | ₹ 1,13,624 | ₹ <u>C</u> | ₹ 85,124 | ₹…