……………..is the process of identifying the financial strengths and weakness of the firm by properly establishing relationship between the items of balance sheet and Profit and Loss Account

Related MCQs

• Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incurred
• ……………explains what has happened to a business unit as a result of operations between two balance sheet dates.
• Assets and liabilities in a Balance sheet may be arranged in the order of …..
• Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………
• The statistical yardstick that provides a measure of relationship between two accounting figures is ……………………
• While preparing ……………statement, both capital and revenue items are considered.
• When fixed cost is deducted from contribution, the balance will be ……….
• If the Gross sales of a concern is Rs.200000 and sales return is 20000, Gross profit is 150000.cost of goods sold is……………………..
• Ratio of net profit before interest and tax to sales is ……………….
• When profit is Rs.5000 and P/v ratio is 20% , Margin of safety is…………