Question
Which term best describes the measure provided by
Accounting Ratios to assess a company's performance and condition?Solution
Accounting ratios are a relative measure of a company’s performance and condition as they are calculated by determining the relationship between two or more financial variables or values taken from the financial data or financial statements of an entity.
‘Amit’ started a business by investing Rs. 2,400. After 4 months, ‘Brijesh’ joined him with 75% of Amit's investment. If the annual profit is Rs...
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A and B together started a business with initial investment in the ratio of 1:13, respectively. The time-period of investment for A and B is in t...
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If the ratio of time periods of investment of A and B is 2:5, profit at the end of the year is Rs.140000 and A’s share in it is Rs.40000, then what is...
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