The 'Net Profit Margin' is: MCQ with Answer and Explanation

Question

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The 'Net Profit Margin' is:

A. Net profit / Net sales

B. EBIT / Net sales

C. Gross profit / Net sales

D. Operating profit / Net sales

Answer: Option A

Solution (By JKSSB Mock Tests)

Net profit margin reflects overall profitability after all expenses.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

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The 'Atal Pension Yojana' (APY) is focused on:

A. Corporate employees

B. Unorganised sector workers, providing guaranteed pension

C. High-income group

D. Only government employees

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Correct Answer: Option B

Explanation:
APY provides a defined pension for subscribers in the unorganised sector.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

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A petty cash voucher is authorized by:

A. The external auditor

B. The payee

C. The petty cashier or an authorized manager

D. The bank manager

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Correct Answer: Option C

Explanation:
For internal control, petty cash vouchers must be authorized by a responsible official before disbursement is made.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

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As per Schedule III of the Companies Act 2013, a liability is classified as current if it is expected to be settled within:

A. 6 months

B. 12 months or the company's operating cycle

C. 5 years

D. 24 months

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Correct Answer: Option B

Explanation:
A liability is current if it is due to be settled within 12 months after the reporting date or within the normal operating cycle.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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