Pick out the wrong statement. Options: A . &nbspGross revenue is that total amount of capital received as a result of the sale of goods or service B . &nbspNet revenue is the total profit remaining after deducting all costs excluding taxes C . &nbspThe ratio of immediately available cash to the total current liabilities is known as the cash ratio D . &nbspConsolidated 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.

Question

Pick out the wrong statement.

Options:

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

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Submit Solution

More Questions on This Topic :

Question 1. A balance sheet for an industrial concern shows....

Question 2. Effluent treatment cost in a chemical plant is categorised as the __________ cost.....

Question 3. Construction expenses are roughly __________ percent of the total direct cost of the plant.....

Question 4. In financial accounting of a chemical plant, which of the following relationship is invalid?....

Question 5. Personnel working in the market research group is reponsible for the job of....

Question 6. Payback period....

Question 7. Pick out the wrong statement.....

Question 8. Which of the following is the costliest material of construction used in pressure vessel construction?....

Question 9. Gross earning is equal to the total income minus....

Question 10. Scheduling provides information about the....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI

Tabulation - Test Paper 2 Data Interpretation Reasoning & DI

Test Paper 1 Direction Sense Test Reasoning & DI

ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0

GFM Combined 1 Free Revision Test SAIL JO E-0

Submit Solution

More Questions on This Topic :

Latest Videos

Latest Test Papers