Which of the following items are apportioned on the basis...
Which of the following items are apportioned on the basis of purchases in preparing departmental accounts?
Lighting and cooling expenses
Carriage outwards
Carriage inwards
Selling and distribution expenses
Correct answer is C
Carriage inwards, discounts received are suggested basis of allocation for purchases.
Find the average stock for the period ...
In trial balance, income and liabilities are ...
Which of the following affects the accuracy and authenticity of trial balance? ...
The objectively of accounting information is enable users to ...
The estimated profit or loss for a period is calculated by ...
Manufacturing account is prepared to ascertain ...
Profits are recognised when goods are sold. What concept is this? ...