Accounting – Page 37 – Ascendance Academy

Which one of the following is not true of cash budget?

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Preparation of consolidated statements of accounts as per AS-21 is

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Given:

Margin of safety Rs. 80,000/- Profit Rs.20,000/- Sales Rs. 3,00,000/- What is the amount of the fixed cost?

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Labour Rate of Pay variance can be calculated by which one of the following equations?

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If: Stock turnover ratio is = 6 times, Average stock = Rs. 8000/- Selling Price = Rs. 25% above cost

What is the amount of the gross profit?

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When opening stock is Rs. 50,000/-, closing stock is Rs.60,000/- and the cost of goods sold is Rs. 2,20,000/-, the stock turnover ratio is:

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In what order, the following assets are shown in the balance sheet of a company?

(i) Trade receivables (ii) Cash (iii) Furniture and fittings (iv) Investment in shares and debentures Codes:

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A retiring partner continues to be liable for obligations incurred after his retirement:

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The basic difference between a static budget and flexible budget is that:

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Formula for net cash inflow of a project is:

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