Financial Accounting Nptel Week 2 Assignment Answers
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Financial Accounting Nptel Week 2 Assignment Answers (July-Dec 2025)
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Question 1. Which of the following is NOT a current asset?
a) Cash
b) Inventory
c) Short term Investment
d) Building
Question 2. Prepaid expenses are classified as:
a) Current Liabilities
b) Current Assets
c) Non-Current Liabilities
d) Contingent Liabilities
Question 3. Depreciation on machinery is classified as which type of expense?
a) Capital expenditure
b) Operating expenditure
c) Non-operating expenditure
d) Prepaid expenditure
Question 4. Which of the following appears in the profit and loss statement?
a) Inventory
b) Accounts receivable
c) Rent expense
d) Bank loan
Question 5. Net working capital is calculated as:
a) Total assets minus total liabilities
b) Current assets minus current liabilities
c) Current liabilities minus current assets
d) Total equity minus total liabilities
Question 6. Which of the following will increase both total assets and total liabilities of a company?
a) Collection from debtors
b) Purchase of inventory for cash
c) Purchase of asset on credit
d) Payment to creditors
Question 7. Which of the following is NOT considered a liability?
a) Notes payable
b) Bonds payable
c) Accounts payable
d) Retained earnings
Question 8. Which of the following is a financial asset?
a) Building
b) Patent
c) Bank deposit
d) Machinery
Question 9. Which of the following is an intangible asset?
a) Land
b) Trademark
c) Equipment
d) Inventory
Question 10. Equity share capital is classified under which section of the balance sheet?
a) Current liabilities
b) Non-current liabilities
c) Shareholders’ equity
d) Current assets
Question 11. What is the Total Equity?
a) 29000.75
b) 28451.25
c) 27730.5
d) 28501.25
Question 12. What is the Long-term debt?
a) 36501.05
b) 34501.05
c) 35501.05
d) 32501.05
Question 13. What is the total amount of capital employed?
a) 63952.3
b) 62000.15
c) 70000.15
d) 73000.15
Question 14. What is the value of Fixed Assets at book value?
a) 34000.75
b) 37000.75
c) 32000.3
d) 38000.75
Question 15. What is the Working Capital?
a) 5200.75
b) 5000.75
c) 5100.75
d) 5251.5
Question 16. Which of the following is not an expense heading for the Income Statement in the format given by the Companies Act?
a) Finance Costs
b) Property, Plant, and Equipment
c) Purchases of Stock in Trade
d) Employee Benefit Expenses
Question 17. Which of the following is not shown in a Balance Sheet?
a) Sundry Debtors
b) Contingent Expenses
c) Advance Income
d) Secured loans
These are Financial Accounting Nptel Week 2 Assignment Answers