Accounts - Principles of Accounts Past Questions and Answers

Total production cost- #360,000
Factory overhead cost- #56,000
Selling price per unit- # 120
Production volume 4000 units
Determine the value of prime cost

The main advantage of a departmental account is that its

The excess revenue over expenditure is charged to

Given:
Fixtures-#30,000
Debtors-#7,000
Stock- #8,000
Creditors-#3,000
Goodwill-#10,000
Determine the capital

In the head office ledger, the value of goods sent to the branch are