A. profit on goods produced B. cost of goods produced C. cost of goods sold D. profit on goods sold…
A. dual aspect concept B. realization concept C. materiality concept D. business entity concept Correct Answer: Option C - materiality…
A. business entity concept B. money measurement concept C. prudence concept D. materiality concept Correct Answer: Option C = prudence…
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques…
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques…
A. x-ray machine B. incubators C. drugs D. theatre equipment Correct Answer: Option C - drugs Explanation Revenue expenditures are…
A. cash sales B. trade debtors C. credit sales D. trade creditors Correct Answer: Option B = trade debtors Explanation…
Use the information to answer the question below Years Current Assets Liabilities Fixed Assets Capital # # # # 2018…
Use the information to answer the question below Years Current Assets Liabilities Fixed Assets Capital # # # # 2018…
A. formation expenses B. administrative expenses C. distribution expenses D. general expenses Correct Answer: Option A Explanation Preliminary expenses are…