When the concept of ratio is defined in respected to the items shown in the financial statements, it is termed as

Related MCQs

• Which of the following is expenses ratio? (a) Administrative expenses ratio (b) Selling and Distribution expenses ratio (c) Factory expenses ratio (d) Finance Expenses ratio
• ---------------- establishes the relationship of different individual items which same common items
• While preparing Cash Flow Statement, non-cash items and non-operating items are not required to be adjusted under________
• Which of the following financial statements is also known as a statement of financial position?
• Debtors Turnover ratio is also known as (a) Receivables turnover ratio (b) Debtors velocity (c) Stock velocity (d) Payable turnover ratio
• Match the columns (i) Activity Ratio -------------------- i) (Actual hours worked / Budgeted hours) * 100 (ii) Capacity Ratio ------------------ ii) (Standard hours of actual production / Actual hours worked) * 100 (iii) Efficiency Ratio ----------------- iii) (Standard hours for actual output / Budgeted hours) * 100
• What indicate the relationship of different items of a financial statement with some common item by expressing each item as a percentage of the common item.
• The ratio which depicts the relationship between two items, one of which is drawn from the Balance Sheet and the other from the revenue account
• Gross Profit ratio is also termed as
• Financial accounting is primarily concerned with providing financial reports to all of the following EXCEPT