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
What is the correct sequence of the following actions required for the preparation of financial accounts?
(i) Trading accounts (ii) Making adjusting entries (iii) Balance Sheet (iv) Profit and Loss Account Select the correct answer from Codes:
(i) Trading accounts (ii) Making adjusting entries (iii) Balance Sheet (iv) Profit and Loss Account Select the correct answer from Codes:
Anonymous Quiz
15%
(iv), (ii), (i), (iii)
45%
(ii), (iv), (iii), (i)
40%
(ii), (i), (iv), (iii)
0%
(iv), (ii), (iii), (i)
Which part of the Central Processing Unit (CPU) performs
calculation and makes decisions:
calculation and makes decisions:
Anonymous Quiz
91%
A) Arithmetic Logic Unit
5%
(B) Alternating Logic Unit
4%
(C) Alternate Local Unit
0%
(D) American Logic Unit