As a basis for assessing future usage, fixed assets are shown at
As a basis for assessing future usage, fixed assets are shown at A. selling price B. cost price…
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Which of the following is a prime cost?
Which of the following is a prime cost? A. royalty B. salary C. commission D. discounts allowed Correct…
Which of the following books of original entry is used to record all payments and…
Which of the following books of original entry is used to record all payments and receipt by cash…
Money received from a customer is recorded in the customer’s account and bank account; the…
Money received from a customer is recorded in the customer’s account and bank account; the accounting concept applied…
The amount for which a business is sold is that
The amount for which a business is sold is that A. goodwill B. cosiderated fund C. purchase D.…
The collection and organization of data is
The collection and organization of data is A. accounting process B. central processing C. data processing D. data…
Which of the following does not form part of shareholders fund?
Which of the following does not form part of shareholders fund? A. ordinary shares B. shares premium C.…
When shares are sold ‘at par’ it means they are issued at
When shares are sold ‘at par’ it means they are issued at A. the market value B. the…
Which of the following reserves is not used for bonus shares?
Which of the following reserves is not used for bonus shares? A. revolutional reserve B. share premium C.…
A financial plan of action expressed in monetary terms is a/an
A financial plan of action expressed in monetary terms is a/an A. warrant B. budget C. imprest D.…