- Accomplishment of goals or objectives by all means
- Management of the business
- The process of assigning duties to individuals to achieve goals or objectives
- None of these
- a
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The comparison of net profit with the sales of the same year is:
- Horizontal comparison
- Both B & C
- Vertical comparison
- None of these
- c
-
In Horizontal Comparison, Account Balances ratio are calculating in different time period.
The accounting system, in which accounting entries are made on the basis of amount having become due for payment or receipt, is known as?
- Accrual system of accounting
- Current accounting period
- Cash system of accounting
- None of the given options
- a
Test of control is not associated with:
- Effectiveness of control
- Existence of control
- Continuous of control
- Designing of control
- b
When bank statement shows a debit balance, it means?
- Overdraft balance as per cash book
- Unfavorable balance as per cash book
- Unfavorable balance as per bank book
- None of the above
- c
An equal increase in both current assets and current liabilities would:
- Increase current ratio
- No affect on current ratio
- Decreases current ratio
- None of these
- c
The process of planning and managing a firm’s long-term investments is called:
- Managing Process
- Capital Budgeting
- Capital Structure
- Planning Process
- b
______ involves the sale of used securities from one investor to another.
- Tertiary market
- Primary market
- Secondary market
- None of these
- c
-
Secondary Market is a place where investors sell or purchase their securities.
Return on equity is also called:
- Return on net worth
- Return on shareholders’ fund
- Gross profit ratio
- Return on investment
- a
The ratios which reflect managerial efficiency in handling the assets is__________
- Profitability ratios
- Turnover ratios
- Short term solvency ratio
- Long term solvency ratio
- b