Accounting - Study Mode
[#306] If the articles of association of the company remains silent as the rate of interest to be paid for calls in arrears the directors can charge interest:
Correct Answer
(C) 5% per annum
[#307] Unearned income is considered as
Correct Answer
(B) Liability
[#308] Find the cost of closing stock from the following Current ratio = 2.5 Liquid ratio = 1.5 Working capital = 1,20,000 Fixed assets = 3,00,000
Correct Answer
(B) Rs. 80,000
[#309] Capitalist industries results in
Correct Answer
(A) Decrease in capital creation over time
[#310] If the fixed cost is Rs. 40,000, variable cost per unit Rs. 2 and if the selling price per unit is Rs. 3. What will break even point (in-units)?
Correct Answer
(C) 40,000 units