Financial State...

True & fair profit/loss of a company is known by _____________.

Which of the following are current assets?

If the operating expenses exceed gross profit, the excess is referred to as ______________.

Income tax paid by a sole proprietor on his business income should be ____________.

'Bank over draft' should be classified as ____________.

How Should the following assets be shown in the permanence order in the balance sheet of a company?
1. Patent
2. Cash at bank
3. Stock in trade
4. Land and building
5. Cash in hand

Call option is?

A company pays dividend out of _____________________.

Working capital cycle involves the following.
i) Acquisition of Raw material
ii) Finished goods
iii) Receivables
iv) Cash
v) Work in progress.
Which of the sequence is correct?

A business entity has assets of $$Rs.26,000$$ and liabilities of $$Rs.6,000$$. Owner's equity in this case is __________.