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Q. All items of stock in Trading and Profit and loss Account are to be converted into cost price if these are given at an _

Q. Reliability of ratios depend upon the reliability of financial data.

Q. Most of the farming transactions are transacted on ……………..basis.

Q. Financial Statement Analysis can be used for assessment of past performance only.

Q. Foreign Branch almost invariably trade independently and records their transaction in

Q. The Insurance Company cannot prevent the happening of risk but provide for losses at the happening of risk.

Q. A business takes a……………insurance policy to cover the claims for loss of stocks and loss of profit.

Q. As per AS 15 accumulated compensated absences can be carried forward if the current period entitlement is not used in full.

Q. The computation of loss by fire is very simple taken when a -------------- asset is destroyed