When is Gross Profit earned?

1.What is the sum of all direct costs in production accounting called?

2.

3.What is meant by Working Capital?

4.Which of the following is a Solvency Ratio?

5.Current Assets are 2,16,000 Tk and the Current Ratio is

6.A Receipt of Subscription

7.Sources of income for a non-profit organization are— i. Life membership subscription ii. Government grants iii. $Members^{\prime} subscription Which one is$ correct?

8.If the profit rate on sales is 25%, what is the profit rate on cost?

9.Components of Conversion Cost are— i. Direct Material ii. Direct Labor iii. Factory Overhead Which one is correct?

10.In a Periodic Inventory System, when can the value of inventory be determined?

11.What is the quantity of \end{ing}inventory (in units)?

12.What can you learn from a 'Bin $Card^{\prime}$?