Test: Accounting As A Measurement Discipline - 2


8 Questions MCQ Test Principles and Practice of Accounting | Test: Accounting As A Measurement Discipline - 2


Description
This mock test of Test: Accounting As A Measurement Discipline - 2 for CA Foundation helps you for every CA Foundation entrance exam. This contains 8 Multiple Choice Questions for CA Foundation Test: Accounting As A Measurement Discipline - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Accounting As A Measurement Discipline - 2 quiz give you a good mix of easy questions and tough questions. CA Foundation students definitely take this Test: Accounting As A Measurement Discipline - 2 exercise for a better result in the exam. You can find other Test: Accounting As A Measurement Discipline - 2 extra questions, long questions & short questions for CA Foundation on EduRev as well by searching above.
QUESTION: 1

​Measurement discipline deals with

Solution:
QUESTION: 2

All of the following are valuation principles except

Solution:
QUESTION: 3

As on 31st March, 2006, if the company values the machinery

At Rs. 11,00,000, which of the following valuation principle is being followed?

Solution:
QUESTION: 4

The debts, which are to be repaid within a short period (year or less) are known as

Solution:
QUESTION: 5

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2000. On 31st March, 2006 The similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2000) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q. The current cost of the machinery is

Solution:
QUESTION: 6

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2000. On 31st March, 2006 The similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2000) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q.The present value of machinery is

Solution:
QUESTION: 7

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2000. On 31st March, 2006 The similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2000) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q.
The historical cost of machinery is

Solution:
QUESTION: 8

Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2000. On 31st March, 2006 The similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2000) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.

Q.
The realizable value of machinery is 

Solution: