651. Current maturity of long term loan is:
A. Current Liability
B. Long Term Liability
C. None of these

652. Prime cost is calculated as under:
A. Manufacturing Cost/Cost of Goods Sold
B. Direct Method plus factory overheads
C. Direct labour + Direct Material
D. None of these

953. Process Cost is very much applicable in:
A. Construction Industry
B. Pharmaceutical Industry
C.Airline company
D. None of these

654. Random sampling in auditing means:
A. Selection through convenience sampling
B. Selection through scientific sampling approach
C. None of these

655. Increase in income constitutes:
A. Inflows
B. Outflows
C. None of these

656. M & A stands for:
A. Mergers & Analysis
B. Mergers & Acquisitions
C. Mergers & Allocation
D. None of these

657. An endowment insurance policy can be taken in respect of:
A. Fire insurance
B. Accident insurance
C. Life insurance
D. None of these

658. Acid test is the same as:
A. Quick test
B. Liquid test
C. None of these

659. Acid Test Ratio is calculated as under:
A. Current Assets/Current Liabilities
B. Fixed Assets/Current Liabilities
C. Liquid Assets/Current Liabilities
D. None of these

660. Deferred cost is a:
A. Liability
B.Asset
C. None of these