Accounting - Study Mode
[#1491] Total Assets Turnover = 4 Net profit = 10% Total assets = Rs. 50,000 The amount of Net profit would be:
Correct Answer
(C) Rs. 20,000
[#1492] When Partnership Act was passed?
Correct Answer
(B) 1932
[#1493] Given, Current ratio = Rs. 2.5 Quick ratio = Rs. 2.5 Net working capital = Rs. 30,000 The amount of current liabilities will be
Correct Answer
(A) Rs. 20,000
[#1494] The expense incurred for increasing the productive capacity of business is called as
Correct Answer
(B) Capital expenditure
[#1495] Ashoka Ltd.purchased a machine from Tata & Sons for Rs. 1,50,000. This is
Correct Answer
(A) A transaction