Manufacturing account is prepared to determine the
cost of goods sold
cost of goods produced
profit on goods produced
value of work-in-progress
Correct answer is B
No explanation has been provided for this answer.
Comparable
Consistent
Relevant
Reliable
Correct answer is A
No explanation has been provided for this answer.
Members of a not-for-profit making organization
earn dividend on their contributions
do not receive surplus at the end of the year
are paid interest on their contributions
share profits according to their contributions
Correct answer is B
No explanation has been provided for this answer.
Subsidiary books of account are used to record transactions
made in the same period
of a similar nature
involving minor amounts
without source documents
Correct answer is D
No explanation has been provided for this answer.
All cash transactions of a not-for-profit making organization are recorded in
three-column cash book
income and expenditure account
subscriptions account
receipts and payments account
Correct answer is B
No explanation has been provided for this answer.