Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Current assets - (Stock + Work in progress)

B. Current assets + Stock + Work in progress

C. (Current assets + Stock) + Work in progress

D. (Current assets + Work in progress) - Stock

A. Lower the protection to creditors

B. Higher the protection to creditors

C. It does not affect the creditors

D. None of the above

A. Better inventory management

B. Quicker turnover

C. Both A and B

D. None of the above

A. (Gross profit / Net sales) x 100

B. (Gross profit x Sales / Fixed assets) x 100

C. (Net profit / Sales) x 100

D. (Net profit / Total assets) x 100

A. Improper utilization of resources

B. Over investment in assets

C. Both A and B

D. None of the above