Accounting - Study Mode
[#1856] Sales of a firm are Rs. 74 lakh, variable costs Rs. 40 lakh, fixed costs Rs. 8 lakh. Operating leverage of the firm will be
Correct Answer
(C) 1.31
[#1857] Break Even Point (BEP) is a point where
Correct Answer
(B) No profit no loss
[#1858] To account profit on sale of investment should be debited to?
Correct Answer
(C) Investment A/c
[#1859] Net profit before following adjustment is Rs. 3,60,000 Outstanding salary is Rs. 20,000 Prepaid insurance is Rs. 26,000 After adjustment net profit is
Correct Answer
(A) Rs. 3,66,000
[#1860] When a firm is dissolved, the profit or loss shared on the realization by the partners is
Correct Answer
(C) In the profit-sharing ratio