An income statement in which each item expressed as percentage of Sale?

Related Mcqs:

Auditing is what?

A. Reporting the financial information B. Examination of financial statements C. Preparation financial statements D. maintaining the ledger records...

If the total liabilities of a business decrease by $5000 what will be the effect on total asset?

(assuming the amount of capital remain same) A. Remain constant B. Decrease by $5000 C. Increase by $5000 D. Increase by $10,000...

Buildings account is debited with an amount towards repairs. This is an example of?

A. Error of commission B. Error of principle C. Error of omission D. Compensating error...

Outstanding salaries is shown as___________?

A. An Asset in the Balance Sheet B. A Liability C. By adjusting it in the P & L A/c D. Both B. and C. above...

Which of these is not an operating income?

A. Income from sale of trading goods B. Bad debts recovered C. Interest on FDs D. None...