Accounting Questions and Answers

Which of the following is not a debit item in a creditor's control account?

Which of the following is charged to trading account?

Control accounts are also known as

A set of instruments fed into a computer for accomplishing a given task is a/an

Use the information to answer the given question.

\(\begin{array}{c|c} & D\\ \hline \text{Opening stock: raw materials} & 10,000\\ \text{work-in-progress} & 16,000\\ \text{Purchases of raw materials} & 95,000\\ \text{Direct labour wages paid} & 13,500\\ \text{Royalties paid} & 6,200\\ \text{Accrued wages} & 2,800\\ \text{Closing stock: raw materials} & 7,500\\ \text{work in progress} & 8,500\\ \text{Manufacturing overhead} & 10,000\end{array}\)

Cost of goods manufactured is