IMPORTANT QUESTIONS OF DRUGSTORE &BUSINESS MANAGEMENT* The process of transferring debit and credits from journal to ledger account is called: posting
*Trial balance is a:statement
*Cash book is a:principal book
*Which of the following ratios is the best indicator of a pharmacy's profitability?Net profit to net worth
*The acceptable ratio for net profit to net sales would be:5to7%
*The acid test generally measures a pharmacy's:Liquidity
*Liqudity generally expresses a pharmacy's ability to meet it's:Current liability
*Which techniue is used to finalize inventory inventory order:Economic order quantity(EOQ)
*Uniform parts of a loan raised by a company are known as:Debentures
*The supply order is:Legal document
*License required to start a new retail drugstore is issued by:Drug inspector
*A person who is interested to start a retail drug store must be :Registered pharmacist
*A chemical shop deals only in drugs and so is an example of :Single line store
*The preparation of trial balance helps in :Locating errors of commission
*A ledger is book of :Secondary entry
*The imprest system is used in relation to:Petty cash book
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