If Opening Stock is Rs. 10,000, Net Purchases Rs. 70,000, Wages Rs. 2,500, Carriage inward Rs. 500 and closing Stock Rs. 15,000, what is the Manufacturing Cost?
Anonymous Quiz
14%
Rs. 65,000
32%
Rs. 83,000
45%
Rs. 68,000
9%
Rs . 73000
What does a high payout ratio indicate?
Anonymous Quiz
29%
A High Earning Per Share (EPS)
38%
The management is not ploughing back enough profit.
24%
The management is ploughing back profit.
10%
The company is earning high profit.
Which one of the following statements is true?
Anonymous Quiz
5%
Capital expenditure does not affect the profitability of a concern but revenue expenditure does.
32%
Capital expenditure affects the profitability of a concern directly but revenue expenditure does not
42%
Capital exp affects the profitability of a concern indirectly but revenue exp affects directly
21%
Both capital expenditure and revenue expenditure affect the profitability of a concern directly.
X and Y are partners in a firm sharing profits in the ratios of 2: 1. Z is admitted with a 1/3 profit sharing. What will be the new profit sharing ratio of X, Y and Z?
Anonymous Quiz
13%
3:3:3
31%
4:3:2
56%
4:2:3
0%
2:3:4
Which one of the following will not affect the working capital?
Anonymous Quiz
20%
Realization of cash from debtors.
25%
Sale of plant and machinery in cash.
50%
Issue of equity shares.
5%
Redemption of debentures
Assertion (A): Sinking fund is a charge against Profit and Loss Account.
Reason (R): Sinking fund is created for repayment of a long term liability. In the context of the above statements, which one of the following is correct? Codes 👇👇👇
Reason (R): Sinking fund is created for repayment of a long term liability. In the context of the above statements, which one of the following is correct? Codes 👇👇👇
Anonymous Quiz
11%
(A) is correct, but (R) is wrong.
44%
Both (A) and (R) are correct.
39%
(A) is wrong, but (R) is correct.
6%
Both (A) and (R) are wrong.
In India, which of the following is prepared on the guidelines of AS-3 (Accounting Standard – 3)?
Anonymous Quiz
8%
Balance Sheet of a Company
21%
Funds Flow statement
58%
Cash Flow Statement
13%
Consolidated Financial Statement