In financial statement the stock is valued at cost or market price whichever is less on the basis of…

Related MCQs

• Which of the following is true about financial statements? A) Financial statement gives a summary of accounts. B) Financial statements can be stated as recorded facts.
• Determine stock turnover ratio if, Opening stock is Rs 31,000 , Closing stock is Rs 29,000, Sales is Rs 3,20,000 & Gross profit ratio is 25% on sales.
• Opening stock + purchases + direct expenses – closing stock =
• Which of the following refers to the difference between the sale price and cost of inventory?
• The term ‘Financial Statement’ covers
• Which statement shows the flow of cash and cash equivalents during the financial period?
• The term financial statement refers to…
• Which of the following is the main objective of a financial statement?
• The analysis and interpretations of the financial statement will reveal …
• Which of the following is technique of financial statement analysis?