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Q. Unrealised profit on goods sold and included in stock is deducted from :

Q. The statement of financial position and the balance sheet are synonyms

Q. The ability with which the computers remain functional to serve the user is termed as……………………………………………………

Q. Liquidation expenses paid by the transferee company is debited to …

Q. Debenture represents ………. Of a company

Q. The ratio which depicts the relationship between two items, one of which is drawn from the Balance Sheet and the other from the revenue account

Q. Accounting standards and Standards on Auditing establish standards which have to be complied with to ensure that financial statements are prepared in accordance with ______.

Q. If the purchase price of debentures excluding interest for the expired period, the quotation is said to be …………..

Q. The excess of purchase consideration over net assets of the transferor company acquired by the transferee company should be recognized as -------- in purchase method

Q. Leverage ratios are also known as _______ ratios