Miscellaneous In Commerce - Study Mode

[#341] Which of the following statements are true? 1. Pay-back period method considers all cash flows of a project 2. Pay-back period method concerns more with the recovery of cost than profitability 3. Net Present Value represents net addition to the wealth of shareholders 4. Accounting Rate of Return method incorporates risk as well as time value of money Choose the correct option from those below:
Correct Answer

(C) 2 and 3

[#342] All direct & indirect expenses related to business are charged:
Correct Answer

(C) Trading account and Profit & Loss account

[#343] Indexing is an important:
Correct Answer

(C) Aid of filing

[#344] Financial account record only:
Correct Answer

(A) Actual figures

[#345] Custom and traditions which guide the accountant while preparing the accounting statements:
Correct Answer

(C) Accounting principles