Costing

552. Liquid assets is determined by

Current assets - Stock - Prepaid expenses
Current assets + Stock + Prepaid expenses
Current assets + Prepaid expenses
None of the above

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by" class="read-more button" href="https://exam.pscnotes.com/mcq/liquid-assets-is-determined-by/#more-51811">Detailed SolutionLiquid assets is determined by

554. Match the items of List-I with the items of List-Il and indicate the correct answer. List-I List-II a. Debtors turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

a-2, b-4, c-3, d-1
a-3, b-2, c-1, d-4
a-3, b-1, c-4, d-2
a-4, b-3, c-2, d-1

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ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio" class="read-more button" href="https://exam.pscnotes.com/mcq/match-the-items-of-list-i-with-the-items-of-list-il-and-indicate-the-correct-answer-list-i-list-ii-a-debtors-turnover-ratio-1-solvency-ratio-b-proprietary-ratio-2-liquidity-ratio-c-operating-rat/#more-51751">Detailed SolutionMatch the items of List-I with the items of List-Il and indicate the correct answer. List-I List-II a. Debtors turnover ratio 1. Solvency ratio b. Proprietary ratio 2. Liquidity ratio c. Operating ratio 3. Activity ratio d. Acid test ratio 4. Profitability ratio

555. FIFO and LIFO are valuation method of-

Fixed assets
Investments
Raw material to be issued
All of these

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class="read-more button" href="https://exam.pscnotes.com/mcq/fifo-and-lifo-are-valuation-method-of/#more-51727">Detailed SolutionFIFO and LIFO are valuation method of-

556. Budget which calculates expected revenues and expected costs, based on actual output quantity is named as

flexible budget
fixed budget
variable budget
multiplied budget

Detailed SolutionBudget which calculates expected revenues and

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expected costs, based on actual output quantity is named as

557. ________ is a preventive function.

Costreduction
Costcontrol
Costunit
Costcentre

Detailed Solution________ is

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a preventive function.

558. On what basis are the selling and distribution overheads absorbed?

Percentage on selling cost
Percentage on factory cost
Per unit rate
None of these

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are the selling and distribution overheads absorbed?" class="read-more button" href="https://exam.pscnotes.com/mcq/on-what-basis-are-the-selling-and-distribution-overheads-absorbed/#more-51693">Detailed SolutionOn what basis are the selling and distribution overheads absorbed?

559. What does a low proprietary ratio indicates?

Sound financial position
Weak financial position
Both A and B
None of these

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indicates?" class="read-more button" href="https://exam.pscnotes.com/mcq/what-does-a-low-proprietary-ratio-indicates/#more-51658">Detailed SolutionWhat does a low proprietary ratio indicates?

560. During a period of rising prices, which of the following inventory pricing methods tends to produce higher cost of goods sold?

LIFO
FIFO
Simple Average Method
Inflated Price Method

Detailed SolutionDuring a period of rising prices, which

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of the following inventory pricing methods tends to produce higher cost of goods sold?

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