81. In a profitable firm, total sources of funds will always . . . . . . . . total uses of funds.
82. Which of the following are possible causes of material price variance?
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer
1. Change in market price.
2. Use of poor quality of material.
3. Inefficient buying.
4. Untimely buying.
5. Paying overtime for urgent work.
6. Use of substitute material of different prices.
Select the correct answer
83. Basic cost is made up of
84. Determine the debtors turnover ratio if, closing debtors is Rs. 40,000, cash sale is 25% of credit sales, and excess of closing debtors over opening debtors is Rs. 20,000.
85. Which of the following statements are correct?
I. Inventory includes raw materials, finished goods and work-in-progress.
II. Inventory is a part of the working capital.
III. Inventory includes goods likely to be purchased.
I. Inventory includes raw materials, finished goods and work-in-progress.
II. Inventory is a part of the working capital.
III. Inventory includes goods likely to be purchased.
86. Such expenses which are included (even though they are not incurred) for taking managerial decisions are called . . . . . . . .
87. Under which method of inventory valuation at the time of value increasing/appreciation, current assets will be valued at lower value
88. What are the current assets if the current ratio is 2.5, liquid ratio is 1.5, and the working capital is Rs. 60,000?
89. Allotment of overhead to cost unit is called
90. Overall profitability ratios are based on
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