Accounting - Study Mode

[#1886] Calculate the profit volume ratio from the following statement: Year Sales Profit 2006 4,00,000 (-) 24,000 2007 5,00,000 (+) 30,000
Correct Answer

(B) 40%

[#1887] X Ltd company goes into liquidation, and a new company Z Ltd purchases the business of X Ltd. It is a case of
Correct Answer

(D) External reconstruction

[#1888] Which one of the following is not true of cash Budget?
Correct Answer

(C) Only revenue nature cash flows are shown

[#1889] Under capitalization can be resolved by
Correct Answer

(A) Issue of bonus share

[#1890] Proprietary ratio relates the shareholders fund to:
Correct Answer

(A) Total assets