541. Maximum possible productive capacity of a plant when no operating time is lost is its?
(A) Practical capacity
B) Theoretical capacity
(C) Normal capacity
(D) Capacity based on sales expectancy
542. The forex component of imported material cost is converted?
(A) At the rate on the date of settlement
B) At the rate on the date of the transaction
(C) At the rate on the date of delivery
(D) None of the above.
543. For the business, capital is __?
A: Expense
B: Liability
C: Assets
D: All of them
544. Cash discount is provided on ___?
A: Purchases
B: Prompt payment
C: Sales
D: Sales return
545. Goods return to the supplier is known as:__?
A: Merchandise return
B: Purchase return
C: Return inwards
D: Sales return
546. The excess of current assets over current liabilities is called:
A: Working Capital
B: Circulating capital
C: Fixed capital
D: Trading capital
547. When goods, in which business deals are sold, it is called___________?
A: Purchases
B: Return inward
C: Sales
D: Return outwards
548. Sales return is also known as____________?
A: Return received
B: Return Paid
C: Return inward
D: Return outward
549. Reduction in price is called:
A: Paid price
B: Invoice price
C: Book price
D: Discount
550. Cash brought by the owner to start a business is called__________?
A: Capital
B: Loan
C: Drawing
D: None of these
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