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State Whether the Following Statement is True Or False :P/V Ratio `="Change in Profits"/"Change in Sales"Xx100` - Cost Accounting(Financial Accounting and Auditing 10)

MCQ

State whether the following statement is True or False :
P/V Ratio `="Change in Profits"/"Change in Sales"xx100`

Options

True
False

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Solution

True

Concept: Introduction to Marginal Costing

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State Whether the Following Statement is True Or False :P/V Ratio `="Change in Profits"/"Change in Sales"Xx100` - Cost Accounting(Financial Accounting and Auditing 10)

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