- Owner’s Equity Statement
- Balance Sheet
- Income Statement
- Cash Flow Statement
- b
-
Balanced Sheet is prepared on the end of an accounting period.
Senior Auditor (SA)
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Which of the following term refers to the use of debt financing?
- Operating Leverage
- Manufacturing Leverage
- Financial Leverage
- None of these
- c
-
Financial Leverage is an investment strategy that is implemented on borrowed money.
Sales Rs. 25000 Variable cost Rs. 8000 Fixed cost Rs. 5000 Break even sales in value:
- Rs. 7936
- Rs. 8333
- Rs. 7353
- Rs. 9090
- c
The ratios which reveal the final result of the managerial policies and performance is:
- Turnover ratios
- Short term solvency ratio
- Profitability ratios
- Long term solvency ratio
- c
Wages are paid to a labor, who was engaged in production activities can be termed as:
- Direct cost
- Indirect cost
- Sunk cost
- imputed cost
- a
-
Wages are related to Expense Account head.
Wages are mentioned in Debit Side.
The current account of a partner:
- Always has a credit balance
- May have a debit balance and credit balance
- Always has no balance
- Always has a debit balance
- b
Dividends are usually paid on:
- Authorized capital
- Issued capital
- Paid up capital
- None of these
- c
-
Dividend is a regular payment on profit that given to the investors.
Costing stock appearing in trial balance will be taken to:
- Trading account only
- Balance sheet only
- Trading account and balance sheet
- Profit and loss account only
- b
Which one of these is considered as a non cash item?
- Depreciation
- Accounts receivable
- Accounts payable
- Inventory
- a
Heavy expenditures on advertisement of a new product is a:
- Revenue expenditure
- Differed revenue expenditure
- Capital expenditure
- None of these
- b