The 'Earnings Per Share' (EPS) as per AS 20 is computed as: MCQ with Answer and Explanation

Question
The 'Earnings Per Share' (EPS) as per AS 20 is computed as:
A. Gross profit / Number of shares
B. Net profit before preference dividend / Equity shares
C. Net profit / Number of equity shares outstanding
D. EBIT / Shares
Answer: Option C
Solution (By JKSSB Mock Tests)
Basic EPS = (Net profit - Preference dividend) / Weighted average equity shares.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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Question #1
The 'Permanent Account Number' (PAN) is issued by:
A. GSTN
B. RBI
C. Income Tax Department
D. MCA
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Correct Answer: Option C

Explanation:
PAN is a unique identifier issued by the Income Tax Department.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #2
The 'Liberalised Remittance Scheme' (LRS) allows a resident individual to remit up to:
A. USD 2,50,000 per financial year
B. USD 1,00,000 per financial year
C. No limit
D. USD 50,000
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Correct Answer: Option A

Explanation:
Under LRS, resident individuals can remit up to USD 2,50,000 per financial year for permissible transactions.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
Question #3
Which of the following is a method of costing used in the ship-building industry?
A. Job costing
B. Batch costing
C. Contract costing
D. Process costing
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Correct Answer: Option C

Explanation:
Ship-building is a long-term contract, so contract costing is appropriate.
This question belongs to: Accountancy and Statistics Accountancy and Book Keeping
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