Bissoy.com
Doctors Medicines MCQs Q&A

Related Questions

Assertion (A): Increasing the value of closing inventory increases profit.
Reason (R): Increasing the value of closing inventory reduces the cost of goods sold
In the context of the above two statements, which of the following is correct?
Assertion (A) Increasing the value of closing inventory increases profit.
Reason (R) Increasing the value of closing inventory reduces cost of goods sold.
Given figures showing : Sales Taka 8,200, Opening inventory Taka 1,300, Closing inventory Taka 900, Purchases Taka 6+,400, Carriage inwards Taka 200, the cost of goods sold figure is :
A and B bought two goods for Rs. 6000 and Rs. 4000 respectively. The selling price of B’s goods was 25% more than its cost price whereas the selling price of A’s goods was x% more than its cost price. If the selling price of A’s goods was Rs. 2500 more than the selling price of B’s goods, then find the ratio between selling price of A’s goods and cost price of B’s goods?
In a fruit market there is a discount on apples and pineapples. Therefore, 30 percent of the public purchase pineapples whereas 60 percent of the remaining purchase apples. The left out people purchase other fruits. If the difference between the number of persons who purchase pineapple and those who purchase other fruits is 600, then how many persons came to purchase fruit in the market? 
A company sold six different cars Swift, Santro, Creta, Audi, I10 and Magna during a period of Monday to Saturday. Only one car was sold on a particular day. No car was sold twice. Atleast four cars were sold after the car Santro. The car Magna was sold on Tuesday. The car Audi was sold immediately after the car Creta and car Creta was sold atleast before three cars. Both the cars Santro and I10 were sold atleast before one car. On which day was Swift car sold?
The pie chart given below shows the amount spent by a boy on the purchase of six different items. The total amount spent on all these six items is Rs. 54000. The amount spent on a specific item is represented as a degree with reference to the total amount spent on all these six items. Which of the following statement(s) is/are correct? I. The amount spent on article A is Rs.900 less than the amount spent on article B. II. The amount spent on article C is Rs 2400 more than the amount spent on article D. III. The ratio of the amount spent on article B to the amount spent on article E is 4 : 1.
If the beginning inventory is Tk 18,000, Purchase is Tk 86,000, Purchase return is Tk 4,000, Sales is Tk 1,20,000 and the mark-up on the cost is 25%, then what is the value of closing inventory?
Rajeev visited an electronic gadgets store to buy Mobile phones and Laptops. He purchased 2 mobile phones and 1 laptop. For this purchase, he paid full amount of the Mobile phones but only one-third of the amount of the Laptop. In total he paid Rs. 60,000. After a week, he visited the store again and purchased 3 Mobile phones and 2 Laptops. For this purchase, he paid full amount of the Laptops but only two-third of the amount of the Mobile phones. This time he paid Rs. 1,10,000 in total. What amount he should pay if he purchase 1 Mobile phone and 1 Laptop only and pays full amount for both ?
Consider the following statements.
1. Inventory includes raw material, finished goods and goods in process.
2. Inventory is the part of working capital.
3. Inventory includes goods likely to be purchased in the coming months.
Which of the statements given above are correct?