Accounting - Study Mode
[#356] What is not prepared in final accounts of Not for profit organisation?
Correct Answer
(C) Trading A/c
[#357] Given: Sales = Rs. 1,00,000 Variable cost = Rs. 50,000 Interest = Rs. 5,000 Fixed cost = Rs. 25,000
Operating leverage will be
Correct Answer
(B) 2
[#358] Obsolescence means decline in the value due to:
Correct Answer
(C) Innovation
[#359] X and Y are partners sharing profits and losses in the ratio of 3 : 2 (X's capital is Rs. 30,000 and Y's capital is Rs. 15,000). They admitted Z agreed to give $${frac{1}{5}^{{ ext{th}}}}$$ share of profits to him. How much Z should bring in towards his capital?
Correct Answer
(B) Rs. 11,250
[#360] Gamer vs Murray rule requires
Correct Answer
(C) Both A and B