Management Accounting - Vertical Statement

The sources of finance can be broadly classified into two categories - Debt and __________

• Loans

• Sale of old assets

• Investments

• Equity

A Debenture is a kind of _______ instrument

• Debit

• Debt

• Ownership

• Asset

Retained earnings belongs to ____________

• Preference shareholders

• Equity shareholders

• Lenders

• Borrowers

Which of the following funds are long term sources of funds ?

• Bank Overdraft

• Creditors

• Term Loans

• Public Deposits

Which of the following forms an item of current assets ?

• Loans given

• Loans taken

• Bank overdraft

• Machinery

Loan Funds consists of ___________

• Working Capital + Loans

• Bank Loan + Preliminary expenses

• Shareholder's equity + Reserves and Surplus

• Term Loan + Debentures

Debtors is an element of ______________

• Current Asset

• Current Liabilities

• Debt

• CRR

Operating Profit is __________

• Operating expenses only

• Cost of goods only

• Non operating expenses

• Gross profit less Operating expenses

Current assets are equal to ___________

• Current liabilities

• Quick assets + Stock

• Stock

• None of these

Prepaid expenses is an element of __________

• Quick Assets

• Non-quick Assets

• Quick Liabilities

• Non-quick Liabilities