Question : The profit and loss suspense  account is transferred to the debit of the Profit and Loss Appropriation Account at the end of the year 

Option 1: True 

Option 2: False

Option 3: Can’t say 

Option 4: None of the above

Question : Relationship between two figures, expressed in arithmetical terms is called -------

Option 1: Percentage

Option 2: Ratio

Option 3: Ratio analysis 

Option 4: None of the above

Question : Relationship between two figures, expressed in arithmetical terms is called -------

Option 1: Percentage

Option 2: Ratio

Option 3: Ratio analysis 

Option 4: None of the above

Question : On dissolution of a firm, bank overdraft is transferred to :

Option 1: Bank Account

Option 2: Realisation Account

Option 3: Partners’ Capital Account

Option 4: Partners' Loan Account

Question : ---------------may be expressed as an arithmetical relationship between two accounting variables.

Option 1: Ratio 
 

Option 2: Accounting ratio

Option 3: Ratio Analysis

Option 4: None of the above