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.
As a basis for assessing future usage, fixed assets are shown at
Selling price
Cost price
Cost plus residual value
Net book value
Correct answer is B
No explanation has been provided for this answer.