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Q. Return on equity is also called

Q. The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as

Q. Perpetual inventory system involves .

Q. Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?

Q. Principle’ for preparation of working capital statement - Decrease in current asset .

Q. Process costing is suitable for .

Q. Indirect material used in production is classified as.

Q. Fixed cost Rs. 2,00,000; Sales Rs. 8,00,000; P/V Ratio 30%; the amount of' profit is .

Q. Period costs are .

Q. The principle types of inventories are raw materials and ,…............and finished goods