Debit balance of VAT Current Account Tk. 50,000, VAT receipt Tk. 1,20,000 and VAT paid Tk. 1,00,000. How much amount will be shown in VAT Current Account of asset account in the statement of financial position?

1.What is the prime cost of the company?

2.Discount is which type of asset in company?

3.If drawing is continuing whole the year round at the

4.Which is examined with the help of ratio analysis- i. performance ii. solvency iii. profitability Which one is correct?

5.Net sales Tk. 1,68,000, gross profit Tk. 42,000 and operating expenses Tk. 8,400. What is net profit ratio?

6.Income received on share is called-

7.Prime cost includes- i. direct material ii. indirect labor iii. direct labor Which one is correct?

8.Which type cost is design cost of product?

9.What is the amount of total drawings of partners as per stem?

10.Share is- i. equal small parts of capital of the company ii. measureable interns of money iii. transferable Which one is correct?

11.When is \end{ing}inventory valued under perpetual inventory system?

12.Which one of the following is operating income?