Pick out the wrong statement. (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

Pick out the wrong statement.
(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
by

2 Answers

Answer :

(B) Net revenue is the total profit remaining after deducting all costs excluding taxes
by

Answer :

(C) Working capital turnover ratio = sales/net working capital
by

Related questions

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Last Answer : (D) Total cost of production is more than net sales realisation (NSR) at breakeven point

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Wipro is the leading IT company then the profit earned by same organization is distributed among HR and officers in the ratio of 13:7 respectively. If the number of HR is 104 and the number of officers is 156 and the amount received by HR is Rs 6000. What was the total amount of profit earned (in lakhs )?

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The nursing break applicable to a mother who has returned to her duties after availing maternity leave until the child attains 15 months of age, is a) one break during the working hours including the regular interval/ rest period b) one break during the working hours excluding the regular interval/ rest period c) two breaks during the working hours including the regular interval/ rest period d) two breaks during the working hours excluding the regular interval/ rest period

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