A. depreciation B. royalty C. factory rent D. factory electricity Correct Answer: Option D D. factory electricity
A. ordinary partner B. limited partner C. dormant partner D. nominal partner Correct Answer: Option C C. dormant partner Explanation…
A. trading account B. profit and loss account C. income and expenditure account D. profit and loss appropriation account Correct…
A. vote B. subvention C. general order D. estimate Correct Answer: Option D D. estimate
A. net value of goods sent to branch B. gross profit of the branch C. branch credit sales D. branch…
A. cash account; credit capital account B. capital account; credit cash account C. purchases account; credit cash account D. expenses…
A. salary of marketing officer B. salary of production officer C. salary of accounting officer D. wages of machine operator…
A. on sales of motor vehicle B. on sales of stock in trade C. from trade debtors D. from trading…
A. total factory overheads B. market value of goods produced C. cost of goods produced D. work-in-progress Correct Answer: Option…
A. discount allowed B. discount received C. carriage outwards D. carriage inwards Correct Answer: Option D D. carriage inwards