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Q. Acceptance, Endorsements and other obligations are a contingent liability of bank.

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

Q. Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.

Q. A ---------- policy covers loss of stock, fixed asset, profit, expenses etc.

Q. The branches which are totally dependent on head office are also termed as Agency Branches.

Q. …………….reporting helps uses of financial statements to better assess the risk and t returns of the enterprise.

Q. The main function of………………company are accepts deposits money

Q. ………….Collected by the State Government on an Intra state sale.

Q. IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit on Sales will be ………..

Q. Single entry system is mixture of single entry, double entry and no entry.