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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2156:
The manufacturing account is prepared to determine the cost of
  • A Trading
  • B Production
  • C Factory overhead
  • D Raw materials
View Answer & Explanation
Question 2157:
The manufacturing account is prepared to determine the cost of
  • A Trading
  • B Production
  • C Factory overhead
  • D Raw materials
View Answer & Explanation
Question 2158:
Factory costs excluding prime cost is
  • A Overhead
  • B Material cost
  • C Fixed cost
  • D Administration cost
View Answer & Explanation
Question 2159:
An example of direct expenses is
  • A Insurance
  • B Carriage inwards
  • C Purchases of raw materials
  • D Royalty
View Answer & Explanation
Question 2160:
Which of the following is not shown in the trial balance?
  • A Opening stock
  • B Closing stock
  • C Discounts allowed
  • D Discounts received
View Answer & Explanation