Accounting information given by a company is
Total assets turnover = 3 times
Net profit margin = 10%
Total assets = Rs. 1,00,000
The net profit is
A. Rs. 10,000
B. Rs. 15,000
C. Rs. 25,000
D. Rs. 30,000
Answer: Option D
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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