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

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.
• In financial statements, the fixed assets are shown at …
• Which item comes under financial activities in cash flow?
• What is followed while preparing the financial statements?
• Which of the following are techniques, tools or methods of analysis and interpretation of financial statements?
• Financial statements are ____________.
• Financial statements are meaningful and useful only when they are ___________.
• The basic financial statements include
• 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.
• Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock.