Accounting - Study Mode
[#2731] The accounting concepts related to Balance Sheet are 1. Realisation Concept 2. Cost Concept 3. Matching Concept 4. Accounting Equivalence Concept Select the correct answer
Correct Answer
(D) 2 and 4 are correct
[#2732] A, B and C are partners. A's capital is Rs. 3,00,000 and B's capital is Rs. 1,00,000. C has not invested any amount as capital but alone manages the whole business. C wants Rs. 30,000 per annum as salary. The firm earned a profit of Rs. 1,50,000. How much will be each partner's share of profit?
Correct Answer
(D) A - Rs. 50,000, B - Rs. 50,000, C - 50,000
[#2733] Improvement of profit-volume ratio can be done by
Correct Answer
(D) All of the above
[#2734] Stock turnover is:
Correct Answer
(B) Activity ratio
[#2735] Under copyright agreement the amount of royalty is computed on the basis of
Correct Answer
(D) Total sale price of the books sold