Question
Each sentence has one blank. Choose the most
appropriate word to make the sentence grammatically and contextually correct. Proper documentation is ______ for maintaining accurate financial records in any organisation.Solution
The sentence emphasizes the necessity of proper documentation for accurate financial records. essential → absolutely necessary optional / secondary → reduce importance harmful → illogicalÂ
If the Operating Ratio of a firm is 80% and Net Sales are ₹200 lakh, what is the Operating Profit?
Under the Companies Act, there are specific regulations governing the utilization of the amount received as premium on securities. These funds, often re...
If net income is ₹10 lakh and number of equity shares is 2 lakh, what is the EPS?
If share capital is ₹10 lakh, reserves ₹5 lakh, and accumulated losses ₹3 lakh, Deffered tax liabilities are ₹1 lakh, provision for gratuity is ...
The ratio that measures the efficiency with which a firm utilizes its assets to generate sales is:
A firm reports the following data over two years:
Assuming no ...A company has current assets ₹6,00,000, inventory ₹2,50,000, prepaid expenses ₹50,000, and current liabilities ₹3,00,000. Calculate the quick ra...
If cash inflow from operations is ₹12 lakh, investing cash outflow is ₹5 lakh, and financing inflow is ₹3 lakh, what is net cash flow?
A firm’s EBIT is ₹5,00,000. It pays ₹50,000 in interest and ₹1,20,000 in tax. What is the Interest Coverage Ratio?
A company has a Net Profit of ₹1,50,000 and Sales of ₹30,00,000. What is its Net Profit Margin?
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