The depreciation on plant acquired by a manufacturing company is treated as
Prime cost
Administrative expenses
Factory overhead
Selling and distribution expenses
Correct answer is C
No explanation has been provided for this answer.
The authority of the Accountant-General to disburse from government fund is
Provision
Warrant
Vote
Estimate
Correct answer is B
No explanation has been provided for this answer.
Which of the following is found in a Sales Ledger Account?
Credit purchases
Bill payable
Discount received
Discount allowed
Correct answer is D
No explanation has been provided for this answer.
Prepayment is treated in the balance sheet of firm as a
Fixed asset
Long-term liability
Current asset
Current liability
Correct answer is C
No explanation has been provided for this answer.
Which of the following are Personal Accounts? i. wages ii. debtors ii. creditors iv. buildings
i, ii and iii only
ii and iii only
ii and iv only
iii and iv only
Correct answer is B
No explanation has been provided for this answer.