A. Gross revenue is that total amount of capital received as a result of the sale of goods or service.
B. Net revenue is the total profit remaining after deducting all costs excluding taxes.
C. The ratio of immediately available cash to the total current liabilities is known as the cash ratio.
D. Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval.
Correct Answer
Net revenue is the total profit remaining after deducting all costs excluding taxes.
More questions
1. The equivalent diameter for pressure drop is __________ that for heat transfer.
2. Addition polymerisation takes place either by a free radical mechanism or ionic machanism depending on the reagents used. Free radical polymerisation is catelyzed by __________ , which decompose to give free radicals.