Accounting - Study Mode
[#1256] Which one of the following ratios is not a measure of financial soundness and stability of a business enterprise:
Correct Answer
(C) Turnover to capital employed ratio
[#1257] The amount of depreciation charged to profit and loss account varies every year under
Correct Answer
(C) Diminishing balance method
[#1258] The maximum number of partners in case of an ordinary partnership firm should not exceed
Correct Answer
(B) 20
[#1259] If the net profit is Rs. 35,000 after writing off goodwill Rs. 6,000 and loss on the sale of furniture Rs. 1,000 then the funds from operation will be
Correct Answer
(D) Rs. 42,000
[#1260] If Return On Investment (ROI) is 10% and investment turnover 5, then net profit margin will be:
Correct Answer
(B) 2.0%