Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change as increase or decrease. (D) Calculate the percentage change Choose the correct answer from the options given below:

The ___________ ratios are primarily measures of return-

Revenue from operations = 4,00,000, Average Inventory = 55,000, Gross Profit Ratio = 10%. Calculate inventory turnover ratio-

Match List-I with List-II List-I | List-II (A) Dissolution of firm by agreement | (I) When a partner becomes insane (B) Compulsory dissolution of firm | (II) With the consent of all partners (C) Dissolution of firm by notice | (III) When business of a firm becomes illegal (D) Dis…

______ sub system deals with payment of wages and salary to employees.

Which of the following is not an operating activity?

________ ensures security of data even if it lands in wrong hands, because the receiver of data will not be able to decode and interpret it.

Which of the following is not always an essential feature of partnership?

This subsystem deals with the preparation of Profit and Loss accounts, Balance Sheet and Cash Flow statements for reporting purposes.