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Q. ……………… ratio indicates the relationship of gross profit to net sales in terms of percentage.

Q. Creditors turnover ratio is also called .

Q. Under single entry system the profit and loss can be found out and also it’s comparison will be available.

Q. Working capital turnover ratio can be determined by :

Q. A marine insurance policy is taken to cover the claims for loss of stock.

Q. A-5 does not indicate the frequency of interim financial report.

Q. The ratio which is calculated to measure the productivity of total assets is

Q. A memorandum trading account is to be prepared to ascertained the value of stock on the date of fire.

Q. Stock and Debtors method of branch accounting is generally used where branch turnover is substantially

Q. A fire policy covers loss of or damaged to insured property.