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प्रश्न
State true or false with reason.
Gross Profit depends upon Net Sales.
विकल्प
True
False
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उत्तर
Gross Profit depends upon Net Sales. - True
Explanation:
Gross profit is ascertained by preparing a Trading Account. In this account, all the direct costs incurred are deducted from the net sales (sales less sales return), i.e. revenue, to arrive at gross profit. Hence, it is correct to say that gross profit depends on net sales.
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संबंधित प्रश्न
Give one word/term/phrase for the following statement.
An asset which can be converted into cash immediately.
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Financial statements include only balance sheet.
State whether following statement is true or false :
Analysis of financial statement is a tool but not a remedy.
Select the appropriate answer from the alternatives given below & rewrite the completed statement:
The methodical classification of financial statement is called _____________.
Select the appropriate answer from the alternatives given below & rewrite the completed statement
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Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
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State true or false with reason.
Financial Statement includes only Balance Sheet.
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Answer in one sentence only.
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Answer in one sentence only.
State the formula of Cost of goods sold?
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| Particulars | 31.3.18 (₹) | 31.3.19 (₹) |
| 1) Fixed Assets | 120,000 | 1,50,000 |
| 2) Share Capital | 60,000 | 72,000 |
| 3) Current Assets | 28,000 | 27,000 |
| 4) Reserve & Surplus | 24,000 | 30,000 |
| 5) Loan | 34,000 | 51,000 |
| 6) Current liabilities | 30,000 | 24,000 |
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Balance sheet provides information about the financial position of a business concern
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