Accounting - Study Mode
[#1156] What is the effect of increase in variable cost?
Correct Answer
(A) It reduces the contribution
[#1157] Consider the following information: Net profit before depreciation and tax Rs. 44,000 Depreciation for the year Rs. 8,000 Goodwill written off Rs. 10,000 Rate of tax 50% Cash flow from operation will be
Correct Answer
(A) Rs. 36,000
[#1158] If current ratio is 2.4 : 1 and current liability is Rs. 20,000/-, then what will be the amount of current assets
Correct Answer
(B) Rs. 48,000
[#1159] Liability of partners for firm's debt is:
Correct Answer
(C) Joint and separate
[#1160] The cost of goods sold is Rs. 50,000. The value of opening and closing stock is Rs. 15,000 and Rs. 25,000 respectively. The stock turnover rate will be :
Correct Answer
(B) 2.5 times