Accounts - Principles of Accounts Past Questions and Answers

i. Direct materials
ii.Direct labour
iii.Direct expenses
iv. Factory expenses
Prime cost consist of

The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a

A partnership's internal regulations are set out by

In a partnership account, interest on drawings is

When a share valued at 50k is issued at #1.59, it is said to be issued at