AFM-Evaluator

Plan for the expenditures as soon as there are likely to be incurred and refrain from planning on the anticipated revenues....this concept is better reflected as...

• Realization Concept

• Separate Entity concept

• Dual Aspect Concept

• Materiality

Which of the following is not objective of Accounting Information

• Clarity

• Consistency

• Reliability

• Resilience

Liabilities+ ​​ (a)   = ​ ​ (b)  

• Equity
• Assets
• Share Capital
• Total Liabilities
• Long Term Debt

Match the following...

• Real Account

• Rent Account

• Personal Account

• Geetha Agencies

• Nominal Account

• Cash Account

Which of the following doesn't amount to ethical aspect of accounting?

• Integrity

• Subjectivity

• Confidentiality

• Professionalism

Reorder the following the order of their appearing in final accounts

• Net Profit

• EPS

• Gross Profit

• Purchases

• Operating Expenses

Can be calculated using .....??

• MPS/EPS

• DPS/MPS

• DPS/EPS

• MPS/DPS

Works Cost + Office Overheads =_________________

Draw the BEP chart and show the angle of incidence

Calculate P/V Ratio for the following...P-1 - Sales -Rs.2,50,000 -Profit-Rs.40,000 ;; P-2 - Sales-Rs.1,70,000 - Profit-Rs.50,000