While preparing ……………statement, both capital and revenue items are considered.

Related MCQs

• The overall net increase or decrease in working capital is found out by preparing…………………
• …………….is concerned with recording transactions and preparing financial reports for the external and internal users of accounting.
• ……………..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
• Cash flow statement is a statement which describes inflows and outflows of……
• ………………is the practice of charging all costs, both variable and fixed, to operations, processes, or products
• Both costs and revenues are measured in ………………… centers
• The essence of marginal costing is that ……………… cost is considered on the whole as separate.
• Ratio of Net sales to Net working capital is a ………………………..
• Fund flow refers to changes in ------------- capital
• Net profit earned plus non working capital expenses is equal to …………..