Assertion (A): Profit volume ratio is considered to be the best indicator of the profitability of the business. Reason (R): If profit volume ratio is improved, it will result in better profits. Select the correct answer
CS Executive · Cost and Management Accounting · PYQS · December 2015
Assertion (A): Profit volume ratio is considered to be the best indicator of the profitability of the business. Reason (R): If profit volume ratio is improved, it will result in better profits. Select the correct answer from the options given below —
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Marginal Costing
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