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

Q. Indirect costs are also known as

Q. Accounting designed to serve parties external to the operating responsibility of the firm is termed as…………….

Q. The Prime function of accounting is to ………………………..

Q. Which transaction results in flow of funds ?

Q. Fixed costs Rs.6000, Profit required Rs.4000 and P/v ratio is 50% , then sales required will be………….

Q. A …………….is that factor which causes cost.

Q. In case of a limited company, the term financial statements includes………

Q. Marginal cost is the aggregate of prime cost and ……………….

Q. The father of Double Entry system is………………