A company has average accounts receivable of Rs. 10,00,000 and annual
credit sales of Rs.60,00,000. Its average collection period would be
a.
60.83 days
b.
6.08 days
c.
1.67 days
d.
0.67 days
While calculating operating profit which will not be added back to net profit
a.
Preliminary Expenses Written off
b.
Depreciation
c.
Loss on Sale of Asset
d.
Rent Expenses
Cash flow example from an investing activity is
a.
Issue of Equity
b.
Redemption of Debenture
c.
Purchase of Raw Materials for Cash
d.
Sale of Investment
The broad headings under which Balance Sheet is divided under Schedule-III
are____.
a.
Liabilities and Assets
b.
Equity & Liability and Assets
