41.
Return on Investment Ratio (ROI) =
A
(Gross profit / Net sales) x 100
B
(Gross profit x Sales / Fixed assets) x 100
C
(Net profit / Sales) x 100
D
(Net profit / Total assets) x 100
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Return on Investment Ratio (ROI) =
(Gross profit / Net sales) x 100
(Gross profit x Sales / Fixed assets) x 100
(Net profit / Sales) x 100
(Net profit / Total assets) x 100
In which year was the Limited Liability Act passed?
1494
1855
1844
1948
Which of the following is not a debit balance?
Wages and Salaries
Cost of Buildings
Taxation Paid
Capital Account
Which of the following is not an expense?
Wages and Salaries
Dividend Payments
Stationery
Materials
Which of the following would not be found on a standardized income statement?
Turnover
Other Operating Income
Value of Intangible Non-current Assets
Distribution Costs
The sales income (Credit and Cash) of a business during a given period is called
Transactions
Sales returns
Turnover
Purchase returns
The following is a statement of revenues and expenses for a specific period of time
Trading account
Trial balance
Profit and loss statements
Balance sheet
The following is a statement showing the financial status of the company at any given time
Trading account
Profit and Loss statements
Balance sheet
Cash book
Which of the following would not be found on a standardized balance sheet?
Tangible Assets
Amounts written off Investments
Debtors
Share Premium Account
The following is not a type of liability
Short term
Current
Fixed
Contingent
In journal, the business transaction is recorded
Same day
Next day
Once in a week
Once in a month
A Master Budget consists of
Sales budget
Production budget
Material budget
All of the above
Current ratio =
Quick assets / Current liabilities
Current assets / Current liabilities
Debt. / Equity
Current assets / Equity
The following is (are) the type(s) of Journal
Purchase journal
Sales journal
Cash journal
All of the above
Budgeting is difficult to apply in the following cases
Products subjected to rapid changes
Job order manufacturing
Uncertain market conditions
All of the above