21. Which one of the following would not be classified as manufacturing overhead?
22. In accounting all business transaction are recorded as having:
23. If loan have been guaranteed by managers and directors is called as:
24. Accounting principles are . . . . . . . . which are adopted by the accountant universally while recording accounting transaction.
25. Mixed combination is a combination of:
26. Direct supervision over depositories and mutual funds is undertaken by
27. A business has following items in it Land?
Vehicles Rs. 6,00,000
Debtors Rs. 1,20,000
Cash Rs. 30,000
Owner's Equity Rs. 10,00,000
Loan Rs. 5,00,000
Creditors Rs. 50,000
What is the value of the land?
Vehicles Rs. 6,00,000
Debtors Rs. 1,20,000
Cash Rs. 30,000
Owner's Equity Rs. 10,00,000
Loan Rs. 5,00,000
Creditors Rs. 50,000
What is the value of the land?
28. Insurance prepaid is shown as:
29. Reserve for doubtful debts appearing in the trial balance should be:
30. If net profit margin is 10%, total assets turnover 2 times, and the total debts to total assets ratio 0.6 the return on equity will be:
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