Finance and Accounts — Important Questions
ICSE · Class 9 · Commercial Studies
56 important questions from Finance and Accounts for ICSE Class 9 Commercial Studies, with answers. Part of the ICSE Class 9 Commercial Studies syllabus.
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Important Questions from Finance and Accounts
Which of the following is one of the main objectives of financial management?
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Liquidity
Liquidity is one of the three main objectives of financial management.
What does liquidity mean?
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Availability of adequate cash or cashable funds when necessary
Liquidity means availability of adequate cash or cashable funds to meet business needs whenever necessary.
Which objective of financial management refers to the profit earning capacity of business?
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Profitability
Profitability refers to the profit earning capacity of business.
Solvency implies which ability?
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Ability to repay debts at the right time
Solvency means the ability to repay debts at the right time, with assets sufficient to meet liabilities.
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