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Code-T45418 Basic Accounting Terms

20 Questions
30 Minutes
20 Marks
No Negative
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1. Concept of percentage : Percent implies “for every hundred” and the sign % is read as percentage and x % is read as x per cent. In other words, a fraction with denominator 100 is called a per cent. For example, 20 % means 20/100 (i.e. 20 parts from 100). This can also be written ...
1. Decimal Fraction : Fractions in which denominators are powers of 10 are known as decimal fractions. A fraction written as a decimal. A decimal point separates whole numbers from decimal fractions for example, 1/10 = 1 tenth = .1 1/100 = hundredth = .01 99/100 = 99 hundredths = .99 ...
1. Ratio: We use ratios to make comparisons between two things. When we express ratios in words, we use the word "to"--we say "the ratio of something to something else." Ratios can be written in several different ways: as a fraction, using the word "to", or with a ...