Which of the following is not contained in sales ledger control account?
returns inwards
returns outwards
returns outwards
dishonored cheques
Correct answer is B
No explanation has been provided for this answer.
Which of the following is used to derive missing figures in a system of incomplete records?
control account
bank account
profit and loss account
bank statement
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a factory overhead?
Depreciation of plant and machinery
Royalties
Raw materials consumed
Carriage outwards
Correct answer is A
No explanation has been provided for this answer.
Depreciation of assets is provided for provided for in consideration of
Disposal
Loss by fire
Loss in transit
Wear and tear
Correct answer is D
No explanation has been provided for this answer.
Cost of running a business
Money spent on buying goods for resale
Money spent on acquire fixed assets
Extra capital paid in by the proprietor
Correct answer is C
No explanation has been provided for this answer.