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The balance sheet is a statement of of a business at a specific movement of time.
Any gain on the sale of non–current assets should be from the net profit for determining.
The BEP is when the selling price increases.
At B.E.P. total cast is equal to .
In marginal costing, the stock is valued at .
Financial statements disclose only facts.
P & L A/C is also called as the
The two statements which are generally included in the definition of financial Statements are
Fund flow refers to changes in capital.
In absorption costing cost is added to the investment.
Difference between C.A. & C.L is known as .
Commission outstanding is of funds.
A higher P/W ratio indicates profitability.
Depreciation is sometimes treated as funds.
When the volume of production is nil, the loss will be equal to .
In cost accounting marginal cost does near include
Rearrangement of figures is necessary for & .
Assets & liabilities in a balance sheet (B/S) may be arranged either according to order or order.
At I.E.P is equal to F.C.
Contribution minus cost in profit.
Building sold on credit is of funds.
Income statement ( P & L A/C ) the revenues and costs incurred in the process of earning revenues.
In marginal costing, fixed costs are charged to .
In marginal cost, V.E are charged to & F.C is charged to
Sales Variable cost = F.C +
Goods purchased on credit inflow of fund.
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