Which of the following is NOT a function of financial management? MCQ with Answer and Explanation

Question
Which of the following is NOT a function of financial management?
A. Disposing of surplus funds
B. Determining capital structure
C. Estimating capital requirements
D. Recording daily transactions
Answer: Option D
Solution (By JKSSB Mock Tests)
Recording daily transactions is a function of financial accounting, not financial management. Financial management focuses on planning, organizing, and controlling funds.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Question #1
The 'Related Party' as per AS 18 includes:
A. Government
B. Key management personnel and their relatives
C. All suppliers
D. All customers
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Correct Answer: Option B

Explanation:
Related parties include key management, enterprises with control or significant influence, etc.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
'Creditors' in the balance sheet are shown as:
A. Reserves
B. Capital
C. Liabilities
D. Assets
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Correct Answer: Option C

Explanation:
Creditors are amounts payable, hence liabilities.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
The 'Proprietary Ratio' establishes relationship between:
A. Current assets and current liabilities
B. Proprietors' funds and total assets
C. Sales and debtors
D. Debt and equity
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Correct Answer: Option B

Explanation:
Proprietary ratio = Shareholders' funds / Total assets, indicating the proportion of assets financed by owners.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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