Bank reconciliation statement is prepared by____________??
A. Accountant of the business
B. Manager of the business
C. Controller of the bank
D. Accountant of the bank
A. Accountant of the business
B. Manager of the business
C. Controller of the bank
D. Accountant of the bank
A. Asset=Expense Income
B. Assets=Cash Capital
C. Assets=Capital Liabilities
D. Assets=Expenses Capital
A. Adding 2,200 to closing stock
B. Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales
C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales
D. Deducting 1,800 from debtors
A. Finished goods
B. Work-in-process
C. Stores and spares
D. Advance payments made to suppliers for raw materials
A. Net Profit = Gross Profit – Administration and Other expenses
B. Net Profit = Gross Profit Administration expenses and Other expenses
C. Opening Stock Purchases – Closing Stock = Cost of Sales
D. Both
B. and
C. above
A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.
A. 0.65
B. 0.35
C. 1.50
D. 5.29
A. Loss on sale of undertaking
B. Debts considered bad and written off
C. Liability arising from a breach of contract
D. Director’s remuneration
A. Credit balance
B. Debit and credit balance
C. Cash balance
D. Debit balance
A. In Trading A/c
B. In Profit and Loss Appropriation A/c
C. Profit and Loss A/c
D. Being a non operating item ignored