The total cost incurred in the operation of a business undertaking other than the cost of manufacturing and production is known as________??
A. Direct cost
B. Variable cost
C. Commercial cost
D. Conversion cost
Category: Accounting Mcqs
Which of the following should not be treated as revenue expenditure??
A. Interest on loans and debentures
B. Annual fire insurance premiums on Plant and Equipment
C. Sales tax paid in connection with the purchase of office equipment
D. Small expenditures on long- lived assets, such as ` 20 for a paper weight.
Bad debts recovered is:?
A. Credited to P
