The cost price method is applicable when_____
...The cost price method is applicable when_____
Goods are sold at specific prices
Goods are perishable
Goods attract different gross profit percentage
To disclose gross profit or loss
Correct answer is B
Cost price method is used to enhance quick sales
Provision for discount allowed can be recorded as debit to? ...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
Transfers from the head office to branches are best carried out at__________ ...
Which of the following should be included in the adjusted cash book? ...
Purchases of goods from Obi had been entered in Obike's Account. This is an error of ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
Income and Expenditure account is the same as the --------- of a sole trader ...