Partnerships (Grade 11 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What are ratios in financial statement analysis?
What are ratios in financial statement analysis?
Generally accepted calculations
What does liquidity measure?
What does liquidity measure?
The ability to pay short-term debts
What is the normal benchmark for the current ratio?
What is the normal benchmark for the current ratio?
2:1
Why does the acid test ratio exclude inventory?
Why does the acid test ratio exclude inventory?
Stock may take time to sell
How many days do debtors usually have to pay their debt?
How many days do debtors usually have to pay their debt?
30 days
When is a business considered solvent?
When is a business considered solvent?
When assets exceed liabilities
What indicates low risk in the debt-equity ratio?
What indicates low risk in the debt-equity ratio?
Higher equity, lower debt
What is positive gearing?
What is positive gearing?
High return, lower interest rate
What components make up a partner's earnings?
What components make up a partner's earnings?
Interest + Salary + Bonus + Profit share
What does a higher stock turnover rate indicate?
What does a higher stock turnover rate indicate?
Better inventory management