Average Accounting Return is a measure of accounting profit relative to:

Related Mcqs:

During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?

A. Rs. 33,000 B. Rs. 25,000 C. Rs. 17,000 D. Rs. 8,000...

Which of the following form of business organization is least regulated?

A. Sole-proprietorship B. General Partnership C. Limited Partnership D. Corporation...

Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?

A. Income Statement B. Balance Sheet C. Cash Flow Statement D. Retained Earning Statement...

Which of the following is not a contingent liability?

A. Debts included in Sundry Debtors which are doubtful in nature B. Uncalled liability on partly paid shares C. Claims against the company not acknowledged as debts D. Arrears of fixed cumulative dividend...

Which of these is not an essential feature of a bill of exchange?

A. Unconditional B. Certainty of amount C. In writing D. Amount to be paid in foreign currency...