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Q. Given opening stock is Rs.20000, Direct expenses 10000, Closing stock 5000.Cost of goods sold is ……………………

Q. While preparing ……………statement, both capital and revenue items are considered.

Q. Indirect costs are also known as

Q. Profit Volume ratio is the ratio of ……………. To sales

Q. Which among the following asset is excluded from current assets ?

Q. A cost which changes in proportion to changes in volume of activity is called

Q. Which one of the following is not a recognised cost classification?

Q. The statistical yardstick that provides a measure of relationship between two accounting figures is ……………………

Q. Responsibility accounting aims to …………….

Q. If the Gross sales of a concern is Rs.200000 and sales return is 20000, Gross profit is 150000.cost of goods sold is……………………..