N42,500
N40,500
N40,000
N38,000
N32,000
Correct answer is C
No explanation has been provided for this answer.
Materials consumed
Direct labour
Direct overhead
Administration overhead
Work-in-progress
Correct answer is D
No explanation has been provided for this answer.
Carriage outwards is accounting term for amount spent on
Goods purchased
Goods sold
Excess stock
Goods for production
Goods returned to stock
Correct answer is B
No explanation has been provided for this answer.
Liability of tthe business to its proprietor
Money owed by the company to others
Money owed to the company by others
Total of the long-term liabilities
Total of the short-term liabilities
Correct answer is A
No explanation has been provided for this answer.
If the Opening stock is undervalued
Goods available would be understated and gross profit overstated
Goods available and gross profit would be understates
Goods and aavailable would be overstated and gross profit understated
Gross profit and goods available would be overstated
Cost of goods sold would be overstated
Correct answer is A
No explanation has been provided for this answer.