A. Be included in the stock
B. Not be included in the stock
C. Not be checked by auditor
D. None of the above
Related Mcqs:
- Cost of goods sold excludes___________??
- The person who conducts sales at which goods are sold to the persons making the highest bid or offer is called ____________
- If goods worth 1,750 returned to a supplier is wrongly entered in sales return book as 1,570, then?
- Goods sent on approval basis’ have been recorded as ‘Credit sales’. This is an example of____________??
- Sundry debtors as per Trial Balance is 43,000 which includes 2,200 due from ‗H in respect of goods sent to him on approval basis, the cost price of which is 1,800. Rectification would involve:?
- Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost??
- The person to whom goods are sold on credit is called___________??
- When goods, in which business deals are sold, it is called___________??
- Which of the following costs are reported on the income statement as the cost of goods sold??
- Goods return to customer are known as:?
