Corporate Accounting MCQ

Interest coverage ratio is obtained by dividing EBIT by –

“Higher the ratio, the more favourable it is.” This presumption does not apply to:

Which of the following will not appear in cash budget?

A factor which will limit the activities of an undertaking and which is taken into account in preparing budgets, is terms as:

The budgeting system designed to change in relation to level of activity actually attained is known as –

Under this method of preparing cash budget of forecast balance sheet is prepared as at the end of the budget period with all items of assets and liabilities except cash balance which is arrived at as a balancing figure.