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Accounts - Principles of Accounts Past Questions and Answers

Accounts - Principles of Accounts Questions

Question 2791:
The prime cost is the total of the
  • A Direct materials+direct labour+direct wages
  • B Production cost+selling expenses
  • C Administrative expenses+selling expenses+distribution expenses
  • D Direct materials+work overhead expenses
View Answer & Explanation
Question 2792:
Recurrent expenditures are expenses for the period not exceeding
  • A 10years
  • B 2years
  • C 5years
  • D 1year
View Answer & Explanation
Question 2793:
The major objectives of departmental account is to ascertain the
  • A Materials sold in each department
  • B Insurance premium payable on employees
  • C Number of employees in each department
  • D Contribution of each department to profit
View Answer & Explanation
Question 2794:
Given: i. The memorandum of association of the company ii. The article of association of the company iii. The incorporation documents.<br/><br/>From the above, which of the following is delivered to the registrar of companies for incorporation?
  • A I, ii and iii
  • B I and ii
  • C I and iii
  • D Ii and iii
View Answer & Explanation
Question 2795:
The formular for calculating depreciation using straight line method is<br/>
  • A Cost-scrap value/useful life
  • B Scrap value+sales/useful life
  • C Sales-scrap value/useful life
  • D Purshases+sales/useful life
View Answer & Explanation