Accounting - Study Mode
[#416] $$frac{{{ ext{Profit}}}}{{{ ext{P/V Ratio}}}} = .,.,.,.,.,.,.,.$$
Correct Answer
(D) Margin of Safety
[#417] Realization principle of accounting does not apply to:
Correct Answer
(D) Long-term construction contracts
[#418] Which of the following is a contingent liability?
Correct Answer
(C) Liability on bills discounted
[#419] If cash is Rs. 10,000, closing stock is Rs. 25,000, debtors is Rs. 5000, creditors is Rs. 22,000 and bank overdraft is Rs. 8000, then the current ratio will be
Correct Answer
(B) 4 : 3
[#420] Expenditure incurred by a publisher for acquiring copyrights is a
Correct Answer
(A) Capital expenditure