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Q. Principle’ for preparation of working capital statement -Increase in current asset .

Q. Budget designed to remain constant irrespective of the level of activity attained is called .

Q. Break - even point occurs at 40% of` total capacity, margin of safety will be .

Q. Perpetual inventory system involves .

Q. If selling price is Rs. 25,000 and profit is Rs. 5,000 then what is the percentage of profit on cast?

Q. Sales Rs. 25,000; Variable cost Rs. 8,000; Fixed cost Rs. 5,000; Break-even sales in value .

Q. Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of' profit is .

Q. Material requisition is meant for .

Q. An increase in variable costs .

Q. Indirect material used in production is classified as.