The break-even point is the point where: MCQ with Answer and Explanation
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Question #1
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In the Trial Balance, a bank overdraft is shown in the:
Correct Answer: Option B
Explanation:
Bank overdraft is a liability, and all liabilities have a credit balance, thus appearing in the credit column of the trial balance.
Bank overdraft is a liability, and all liabilities have a credit balance, thus appearing in the credit column of the trial balance.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #2
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A company's net profit before tax is ₹5,00,000, tax rate 30%. Preference dividend ₹20,000. Number of equity shares 50,000. EPS is:
Correct Answer: Option B
Explanation:
PAT = 5,00,000 - 1,50,000 tax = 3,50,000. Less preference dividend 20,000 = 3,30,000. EPS = 3,30,000 / 50,000 = ₹6.60.
PAT = 5,00,000 - 1,50,000 tax = 3,50,000. Less preference dividend 20,000 = 3,30,000. EPS = 3,30,000 / 50,000 = ₹6.60.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
Question #3
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The 'Fund-based Accounting' is used by:
Correct Answer: Option B
Explanation:
Fund-based accounting tracks resources for specific purposes, common in NPOs and government.
Fund-based accounting tracks resources for specific purposes, common in NPOs and government.
This question belongs to:
Accountancy and Statistics
Accountancy and Book Keeping
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