A. (Profit ÷ Investment) × 100
B. (Profit − dividend) ÷ investment × 100
C. Investment ÷ Profit × 100
D. Investment ÷ Profit × 200
General Knowledge
Conversion cost is calculated as under:
A. Labour plus materials
B. Labour minus overhead
C. Labour plus overheads
D. Labour minus materials
Accounting requirements governing NGOs are prescribed in:
A. Companies Ordinance 1984
B. Cooperative Societies legislation
C. None of Above
D. Partnership Act 1932
Real accounts are related to:
A. Assets
B. Expense and incomes
C. Nominal accounts
D. None of these
NGOs are legally required to:
A. Prepare accounts in a prescribed manner under the law
B. Prepare cash flow statements
C. Provide accounts as desired by donors
D. None of these
A firm enters a digital asset designed to work as a medium of exchange, called:
A. Cryptocurrency
B. E-commerce
C. E-marketing
D. None of these
Double entry book-keeping was fathered by:
A. Lucas Pacioli
B. F.W. Taylor
C. None of Above
D. Henry Fayol
Which of the following represents the net worth of a business?
A. Liabilities net of assets
B. Earnings per share
C. Asset net of liabilities
D. None of these
