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Q. Inventory or stock turnover ratio is also called .

Q. 1f` fixed costs decrease while variable cost per unit remains constant, the new B.E.P in relation to the old B.E.P will be .

Q. Material is issued by store keeper against.

Q. Budgeting system…................ key managerial functions.

Q. Defectives are that portion of production which can be.............................at some extra cost of re-operation.

Q. Creditors turnover ratio is also called .

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

Q. A flexible budget is prepared for a _.

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

Q. Which of the following is usually a long-term budget?.