Which of the following expenses relates to the profit and...
Which of the following expenses relates to the profit and loss account of a manufacturing firm?
Direct materials
Direct labour
Administrative overhead
Work-in-progress
Correct answer is C
Administrative overhead is those costs not involved in the development or production of goods or services. This is essentially all overhead that is not included in manufacturing overhead. Examples of administrative overhead costs are the costs of: Front office and sales salaries, wages, and commissions. Office supplies
Trading Account (Extract) .................N.............................N...... Opening stock.....
The interest on partner's loan is ...
One of the items listed below will not be found in a company’s memorandum and article of assoc...
Which of the following is the basis of accounting in the Civil Service? ...
Profit expressed as a proportion of cost price is known as ...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The margin would be ...
Use the following information to answer the given question \(\begin{array}{c|c} & DR & CR...