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Q. ABC system is used for ………………

Q. Increase in Accounts payable when compared to previous year results in …………….of working capital

Q. ……………….are the statements, in which figures reported are converted into percentages to some common base.

Q. ………..is the process of accounting for cost which includes the application of cost control methods and ascertainment of profitability of activities

Q. …………statement shows changes in financial position and hence dynamic in nature

Q. Ratio of Net sales to Net working capital is a ………………………..

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

Q. Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………

Q. The following is a recorded fact

Q. …………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.