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Q. Sales – Gross Profit = .

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

Q. The ratio which determines the profitability from the shareholder’s point of view is .

Q. Liquid Ratio is also known as 2:1 ratio.

Q. ………….method of branch accounting is usually adopted when the branch is of the small size.

Q. The Maharashtra co-operative Society Rules Act ……….

Q. Accounting Standards in India are Issued by the …………..

Q. A 25 focuses on change in accounting policies also.

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