Rent is apportioned each department on the basis of
Area or space occupied
Equality
Turnover
Purchases
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not part of the cost of production
Wages of operators
Factory power
Advertising
Cost of raw materials
Correct answer is C
No explanation has been provided for this answer.
The reduction in value of an intangible asset is
Depletion
Depression
Amortisation
Appreciation
Correct answer is C
No explanation has been provided for this answer.
Subscription prepared by members is recorded in the balance sheet of a club as a
Current liability
Current asset
Fixed asset
Long term liability
Correct answer is A
No explanation has been provided for this answer.
In the absence of an agreement, partners share profits
Based on activeness of a partner
Based on capital contribution
On patronage basis
On equal basis
Correct answer is D
No explanation has been provided for this answer.