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Q. …………..budget is designed to remain unchanged irrespective of the volume of output or turnover attained.

Q. The indicates the number of times the payables rotate in a year is _.

Q. Tender is an.

Q. Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period

Q. The budget prepared to estimate expenditure to be incurred to sell the product and its distribution is .

Q. Overhead cost is the total of .

Q. Warehouse rent is a part of .

Q. The ratios which reflect managerial efficiency in handling the assets is.

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

Q. Inventory or stock turnover ratio is also called .