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Q. When ratios are calculated from the financial statements of one year, it is known as ---------------------

Q. Under absorption costing, managerial decisions are based on

Q. Cost accounting

Q. Abnormal cost is the cost ___________.

Q. _________ being the life blood of a business requires to be maintained in reasonably adequate quantity to run business successfully.

Q. For preparing an effective budget it needs accounting information which is

Q. Management accounting provides alternative choices for managerial ___________

Q. Competitive advantage is established by

Q. Gross Profit Ratio is calculated by

Q. What is the main advantage of responsibility accounting ?