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Questions and Answers
If the capital employed is Rs. 2,00,000 and the normal rate of return is 12%, what is the normal profit?
If the capital employed is Rs. 2,00,000 and the normal rate of return is 12%, what is the normal profit?
- $Rs. 20,000$
- $Rs. 18,000$
- $Rs. 24,000$ (correct)
- $Rs. 22,000$
What factors are needed to calculate normal profit?
What factors are needed to calculate normal profit?
- Operating expenses and revenue
- Gross profit and net profit
- Fixed costs and variable costs
- Capital employed and normal rate of return (correct)
What does accounting measure?
What does accounting measure?
- Number of employees in an organization
- Results of economic activities of an organization (correct)
- Market share of an organization
- Sales revenue of an organization
Who are the stakeholders to whom accounting information is conveyed?
Who are the stakeholders to whom accounting information is conveyed?
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Which field of accounting focuses on reporting financial information to external users?
Which field of accounting focuses on reporting financial information to external users?
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What does the normal rate of return represent?
What does the normal rate of return represent?
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What is the primary focus of management accounting?
What is the primary focus of management accounting?
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What are practitioners of accounting known as?
What are practitioners of accounting known as?
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