Question : Which of the following doesn't qualify as an operating expense?

Option 1: Salaries

Option 2: Maintenance and repairs

Option 3: Loss by Fire

Option 4: Bad Debts

Question : What are non-operating expenses?

Option 1: Related to the business activities

Option 2: All direct expenses

Option 3: Not related to the normal business activities

Option 4: Office and administrative expenses

Question : What are non-operating expenses?

Option 1: Related to the business activities

Option 2: All direct expenses

Option 3: Not related to the normal business activities

Option 4: Office and administrative expenses

Question : Which of the following pairs is the proper match?
A: Operating expenses = Administrative expenses + selling and distribution expenses
B: (Gross profit / Net sales) × 100 = Net profit ratio

Option 1: Option A only 

Option 2: Option B only 

Option 3: Both of the above 

Option 4: None of the above

Question : Find out net profit from the following:
Sale= Rs.8,00,000; Gross Profit = 20%; Office Expenses = Rs.20,000; Selling Expenses = Rs.38,000.

Option 1: Rs.1,02,000

Option 2: Rs.1,40,000

Option 3: Rs.1,22,000

Option 4: None of the above