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.
i
ii
iii
i and ii
ii and iii
Correct answer is A
No explanation has been provided for this answer.
The authority of the accountant-General to disburse from government fund is called
Voucher
Warrant
Estimate
Provision
Vote
Correct answer is B
No explanation has been provided for this answer.
The document evidencing a disbursement of government fund is known as
Bill
Invoice
Till book
Payment voucher
Local purchase order
Correct answer is D
No explanation has been provided for this answer.
The authorized share capital of a limited liability company is the number of shares
Offered for sale
Called up
Approved in the memorandum of association
Subscribed
Paid up
Correct answer is C
No explanation has been provided for this answer.