Accounting - Study Mode
[#2506] Return on investment is the ratio between:
Correct Answer
(A) Net profit and capital employed
[#2507] On the basis of the following information, what will be the EBIT corresponding to financial indifference point? Total capital outlay Rs. 60,00,000 Financing Plans 1. 100% Equity @ Rs. 10/- per share 2. Debt - equity ratio 2 : 1 Rate of interest 18% p.a., corporate tax rate 40%
Correct Answer
(C) Rs. 10,80,000
[#2508] Which of the following is not a movable property?
Correct Answer
(D) Furniture in the clothing business
[#2509] If accounting information is based on facts and it is verifiable by documents, it has the quality of
Correct Answer
(C) reliability
[#2510] Sweat Equity Shares can be issued by a
Correct Answer
(A) special resolution