Financial and Management Accounting - Financial and Management Accounting Objective Type Questions

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51:  

Consider the particulars given below:

Sales                    Rs.60,000

Variable cost       Rs.25,000

Fixed cost            Rs.30,000

Based on these data, the operating leverage shall be

 

A.	5
B.	7
C.	8
D.	9
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

52:  

The following four assets normally appear in the balance sheet

1. Advance salary

2. Copyright

3. Preliminary expenses

4. Loose tools

The correct order in which these are to appear in the balance sheet if drawn in order of permanency will be

A.	4,2,1,3
B.	3,2,4,1
C.	1,2,3,4
D.	2,4,1,3
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

53:  

Match List-I with List-II and select the correct answer using the codes given below the lists:

    List-I                                                                   List-II

a. Reducing capital                                    I. Contribution margin

b. Sales> Variable cost                            II. Reorganization

c. Sales> Break even sales                   III. Absorption

d. Take-over of firm                                  IV. Margin of safety

A.	a    b    c     d II    I     III    IV
B.	a    b    c     d I     II     III    IV
C.	a    b    c     d I      II     IV   III
D.	a    b    c     d II    I     IV    III
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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