Accounting

Which of the following is not charged to Manufacturing Account ________?

A. raw materials B. factory's wages C. Distribution expenses D. royalties Correct Answer: Option C - Distribution expenses

5 years ago

A payment of N150 to a credit?

A. an increase in assets only B. a reduction of assets only C. a reduction in assets and liabilities D.…

5 years ago

Which of the following are examples of Nominal account?

A. land and insurance B. cash and interest C. building and cash D. machinery and wages E. rent and discount…

5 years ago

The person who has applied for shares in a company is called?

A. allottee B. subscriber C. promoter D. shareholder E. applicant Correct Answer: Option E - applicant

5 years ago

Which of the following is no part of prime cost of production?

A. cost raw materials B. carriage on raw materials C. direct expenses D. direct wages E. depreciation of factory equipment…

5 years ago

The payee of a cheque is the?

A. drawer's banker B. drawee's banker C. person named to receive the amount on the cheque D. bank cashier E.…

5 years ago

A trial balance is?

A. an attempt to balance the accounts B. the credit balances of the accounts C. list of all balances extracted…

5 years ago

Factory wages are always entered into the?

A. sales account B. manufacturing account C. profit and loss account D. trading account E. trading account Correct Answer: Option…

5 years ago