Practice mode / Accounting Non Trading institution prepare:? A Option A: profit and loss account B Option B: Manufacturing account C Option C: Income and Expenditure Account D Option D: Cost of good sold Correct answer C. Income and Expenditure Account Show answer
Question 01 / Accounting Depreciation fund method is also known as? A Option A: Sinking Fund Method B Option B: Annuity Method C Option C: Sum of Year Digits Method D Option D: None of these Correct answer A. Sinking Fund Method Show answer Open question
Question 02 / Accounting Tender is an? A Option A: estimation of profit. B Option B: estimation of cost. C Option C: estimation of selling price. D Option D: estimation of units. Correct answer C. estimation of selling price. Show answer Open question
Question 03 / Accounting Warehouse rent is a part of? A Option A: prime cost. B Option B: factory cost. C Option C: distribution cost. D Option D: production cost Correct answer C. distribution cost. Show answer Open question
Question 04 / Accounting Overhead cost is the total of A Option A: all indirect costs. B Option B: all direct costs. C Option C: indirect and direct costs. D Option D: all specific costs Correct answer A. all indirect costs. Show answer Open question
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