Gross profit on short sales are calculated as
A) Gross profit x operating ratio
B) short sales x gross profit ratio
C) Short sales x net profit ratio
D) short sales x operating ratio
Correct Answer:
Verified
Q11: Salvage value of stock to be ………..
Q12: Average clause is a …………… in the
Q13: Fire insurance policies contain an "…………." to
Q14: Fire insurance policies contain an "average clause"
Q15: Net claim on under insurance is equal
Q17: Short sales is the difference between ……………
Q18: The amount of insurance ………….. to be
Q19: At the time of calculating insurance claim
Q20: On dissolution of firm creditors are paid
Q21: Realization account is a ---------- account
A)Personal
B)Real
C)Nominal
D)Both real
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