Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses…
Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses iii. direct labour…
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Accumulated fund is also referred to as
Accumulated fund is also referred to as A. surplus B. porofit C. deficit D. capital Correct Answer: Option…
Subscriptions owed by members of a club is a/an
Subscriptions owed by members of a club is a/an A. asset B. liability C. profit D. surplus Correct…
The method of ascertaining capital from income record is by preparing the
The method of ascertaining capital from income record is by preparing the A. cash book B. statement of…
A petty cashier operates with an imprest of D1,000 per week. At the end of…
A petty cashier operates with an imprest of D1,000 per week. At the end of the week he…
Which of the following is a subsidiary book?
Which of the following is a subsidiary book? A. cash book B. bank statement C. control accounts D.…
Goods returned by the buyer is recorded in the seller’s book as
Goods returned by the buyer is recorded in the seller’s book as A. carriage inwards B. carriage outwards…
Which of the following errors will affect the totals of a trial balance?
Which of the following errors will affect the totals of a trial balance? A. compensating error B. complete…
Which of the following is not a subsidiary book?
Which of the following is not a subsidiary book? A. sales day book B. purchases day book C.…
In departmental accounts, rent is appointed on the basis of
In departmental accounts, rent is appointed on the basis of A. purchases B. floor area occupied C. number…