Directions: State whether the following statement is True Or False.Accommodation bill is one, which is drawn without any consideration and is generally for round sums.

Directions: State whether the following statement is True Or False. In an acquisition process, the acquirer can acquire only the assets but not the liabilities.

Directions: State whether the following statement is True Or False.Annual reports of a company are not essential for a financial analysis of the company performance, when balance sheet and P & L account are made available.

Directions: State whether the following statement is True Or False.Quick Ratio is also called an Acid Test Ratio.

Directions: State whether the following statement is True Or False.An arbitrageur is one, who undertakes the simultaneous purchase and sale transactions in a security or a commodity in different markets to profit from price differences.

Directions: State whether the following statement is True Or False.Asset Management Company does not act as portfolio manager of a mutual fund.

Directions: State whether the following statement is True Or False.Bills of exchange are drawn by the sellers on the buyers.

Directions: State whether the following statement is True Or False.In a relationship between the principal and the agent, the principal cannot take any decision because the agent always act as the representative of the principal.

Directions: State whether the following statement is True Or False.The repayment of a loan by instalments can be called amortisation.

Directions: State whether the following statement is True Or False. Accelerated depreciation, which means a large amount of depreciation is claimed as a deduction in the early years of a project’s life is not legally valid.

Directions: State whether the following statement is True Or False.A bill of exchange may be accepted by an individual or a banker.

Directions: State whether the following statement is True Or False.Balance Sheet Identity means that the total assets should always balance the total liabilities (including shareholders).

Directions: State whether the following statement is True Or False.Demand draft issued by a bank is also known as a bank draft.

Directions: State whether the following statement is True Or False.Articles of Association represents the company's external relationship activities.

Directions: State whether the following statement is True Or False.Individuals providing venture capital are called angels.

Directions: State whether the following statement is True Or False.Auditors report is not a part of the annual report but it is always independent.

Directions: State whether the following statement is True Or False.A schedule of financial activity expressed in numerical terms is known as a budget.

Directions: State whether the following statement is True Or False.Transactions in the black market is also accounted and audited as per the statutes.

Directions: State whether the following statement is True Or False.Any possession that has an exchange value is termed as a liability.

Directions: State whether the following statement is True Or False. A DD can be drawn on an individual also.

Directions: State whether the following statement is True Or False.Bill of Lading is an international bill of exchange.

Directions: State whether the following statement is True Or False.Business risk is the probability of loss in business of the impairment of the cash flow for any reason, internal or external.

Directions: State whether the following statement is True Or False. The abbreviation DCF can be expanded to Discounted Cash Flow.

Directions: State whether the following statement is True Or False.A diminution in the value of an asset on account of wear and tear, obsolescence or simply the passage of time is known as depreciation.

Directions: State whether the following statement is True Or False.Depreciation is a cash charged for every businessman.