Q.134Ans A. Profit volume ratioB. Margin of safety in rupeesC. Cash break-even pointD. Margin of safety in unitsCorrect Ans Provided: C
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Q.50 Which of the following statements is correct for the different types of budget?Ans A. The budget that is prepared first and all other budgets are subordinate to it, is the cash budget.B. A master budget is a ...
Q.90 In India, minimum alternate tax (MAT) was first introduced by the ________________ and then withdrawn by the ____________.Ans A. Finance Act, 1987; Finance Act, 1990 respectivelyB. Finance Act, 1987; Finance Act, 1997 respectivelyC. Finance Act, 1990; Finance ...
Q.76 Mr. X wins a lottery prize of ₹2 lakhs on 20th March 2022, out of which ₹20,000 is payable to the agent. Out of ₹1,80,000 payable to the winner, how much shall be the tax deducted at ...
Q.58 Given the following information, identify the correct option, in terms of the correct balance of the pass bookDebit balance as per cash book: ₹32,000Cheques sent for collection but not collected: ₹10,000Cheques issued but not ...
Q.84 Calculate the break-even point when the profit is ₹30,000, margin of safety is 20% and variable cost is 70% of sales.Ans A. ₹6,00,000B. ₹3,30,000C. ₹5,00,000D. ₹4,00,000Correct Ans Provided: D
Q.114 ________________ provides independent assurance on the effectiveness of internal controls and risk management processes to enhance governance and achieve organisational objectives.Ans A. Statutory auditB. Compliance auditC. Internal auditD. External auditCorrect Ans Provided: C
Q.113 Given the balance as per cash book as ₹2,40,000, which of the following statements is correct?Ans A. Bank charges amounting to ₹500 will be added.B. Cheque issued but not presented worth ₹1,36,000 will be added.C. Interest credited ...
Q.115 Calculate the profit volume ratio, given the ratio of variable cost to sales as 84%.Ans A. 6.5%B. 16%C. 119%D. 11%Correct Ans Provided: B
Q.70 Which of the following is NOT a limitation of payback period?Ans A. It ignores timing of cash flows.B. It is sensitive to economic life span.C. It is an indicator of liquidity.D. It ignores salvage value of the ...
