A. The financial condition at any given time
B. Only current assets
C. Only fixed assets
D. Only current and fixed assets
		A. The financial condition at any given time
B. Only current assets
C. Only fixed assets
D. Only current and fixed assets
		A. Gross revenue is that total amount of capital received as a result of the sale of goods or service
B. Net revenue is the total profit remaining after deducting all costs excluding taxes
C. The ratio of immediately available cash to the total current liabilities is known as the cash
ratio
D. Consolidated income statement based on a given time period indicates surplus capital and
shows the relationship among total income, costs & profit over the time interval
		A. R [{(1 + i)n – 1}/ i ]
B. R [{(1 + i)n – 1}/ i (1 + i)n]
C. R(1 + i)n
D. R/(1 + i)n
		A. Advertising
B. Warehousing
C. Legal fees
D. Customer service
		A. Property
B. Excise
C. Income
D. Capital gain
		A. Profit before interest and tax i.e., net profit + interest + tax
B. Profit after tax plus depreciation
C. Net profit + tax
D. Profit after tax
		A. More
B. Less
C. Same
D. No
		A. Costs (on annual basis) are constant when the straight line method is used for its
determination
B. Is the unavoidable loss in the value of the plant, equipment and materials with lapse in time
C. Does figure in the calculation of income tax liability on cash flows from an investment
D. All A, B. and C.
		A. Berl saddles
B. Raschig rings
C. Pall rings
D. Intalox saddles
		A. 10 to 20
B. 20 to 40
C. 45 to 60
D. 65 to 75