- Return on net worth
- Return on shareholders’ fund
- Gross profit ratio
- Return on investment
- a
All Testing Services Solved Papers
The ratios which reflect managerial efficiency in handling the assets is__________
- Profitability ratios
- Turnover ratios
- Short term solvency ratio
- Long term solvency ratio
- b
Depreciation of plant and machinery is a part of ___________
- Distribution overhead
- Factory overhead
- Selling overhead
- Administration overhead
- b
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Depreciation Function is applied on Fixed Assets on yearly basis until value decreased to zero.
Fixed Assets examples are Buildings, Furniture, Office Equipment, Machinery and etc.
Cost of sales plus profit is __________
- Value of stocks
- Selling price
- Value of goods produced
- Value of finished product
- b
Overhead cost is the total of____________
- Indirect and direct costs
- All indirect costs
- All direct costs
- All specific costs
- b
-
Direct Labor, Direct Material, Wages for Production Staff, Fuel and Power Consumption are examples of Direct Cost.
Assets which have no physical existence and which cannot be seen, touched or felt are called:
- Intangible assets
- Fictitious assets
- Tangible assets
- Current assets
- a
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Computer Software, Database and Trade Secrets, Trademarks, Television Programs are examples of Intangible Assets.
The accounting system, in which accounting entries are made on the basis of amount having become due for payment or receipt is known as:
- Cash system of accounting
- Accrual system of accounting
- Current accounting period
- None of the given options
- b
Depreciation of machinery will be shown in the profit & loss account under the head of:
- Selling expense
- Administrative Expenses
- Marketing expense
- Financial expense
- b
The distinction between revenue account and capital account is necessary for the preparation of:
- Cash flow statement
- Receipt and payment account
- Final accounts
- Funds flow statements
- c
-
There are four major types of Capital Account which are Working Capital, Debt, Equity and Trading Capital.
Revenue Account is that account which in which revenue earned by companies operations and business activities.
Manufacturing overhead cost would include
- The chief executive officer salary
- A marketing cost related to selling the product
- The salary of production line supervisor
- Research and development cost of a new product
- c
-
Insurance, Utilities, Rent, HR Expense, Office Exp, Repair and Maintenance Exp and Taxes are included in Overhead Expenses.