Accounting - Study Mode
[#1136] When accounting standard board of India is constituted?
Correct Answer
(B) 1977
[#1137] Following information is given to you: Sales Rs. 4,00,000 Fixed cost Rs. 1,80,000 Variable cost Rs. 2,00,000 Calculate Break Even Point (BEP) of sales
Correct Answer
(C) Rs. 5,53,846
[#1138] Which of the following transactions has no effect in the current ratio?
Correct Answer
(D) Bills receivables collected
[#1139] Which of the following items will result in flow of funds:
Correct Answer
(A) Credit sale of the Building
[#1140] On using reducing balance method on an asset of Rs. 20,000 at the rate of 10% per annum, depreciation for third year will be:
Correct Answer
(C) Rs. 1,620