Explanation

Stock control through stock levels and EOQ is called perpetual inventory system.

Explanation

Revenue expenditure refers to the expenses incurred by a business in its day-to-day operations to generate revenue.

Examples of revenue expenditure include salaries and wages, rent, utility bills, advertising costs, and raw material expenses.

Explanation

Audit fess is a part of administration overhead.

Administrative overhead is those costs not involved in the development or production of goods or services.

This is essentially all overhead that is not included in manufacturing overhead.

Explanation

Increase in sales = Rs. 60000 - Rs. 40000 = Rs. 20000
PV Ratio = Increase in Profit / Increase in sales
= 5000 / 20000 = 0.25

Explanation

hedge

a row of bushes or small trees planted close together, especially when forming a fence or boundary; hedgerow:

small fields separated by hedges.

any barrier or boundary: a hedge of stones.

Explanation

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.

The bulk of the WTO's current work comes from the 1986–94 negotiations called the Uruguay Round and earlier negotiations under the General Agreement on Tariffs and Trade

Explanation

Economic order quantity is that quantity at which cost of holding and carrying inventory is minimum and equal. Economic order quantity is the ideal order quantity

a company should purchase for its inventory given a set cost of production, a certain demand rate, and other variables. This is done to minimize inventory holding costs and order-related costs.

Explanation

Asset accounts are not closed at the end of an accounting period

Explanation

Consumption goods refer to those goods which satisfy the wants of the consumer directly.

These are not used in the production of other goods.

For example, food, shirts, shoes, etc.

Explanation

Rent expenses is not recorded in the Balance sheet