Which of the following is no part of prime cost of production?
Cost raw materials
Carriage on raw materials
Direct expenses
Direct wages
Depreciation of factory equipment
Correct answer is E
No explanation has been provided for this answer.
Drawer's banker
Drawee's banker
Person named to receive the amount on the cheque
Bank cashier
Drawer
Correct answer is C
No explanation has been provided for this answer.
Factory wages are always entered into the
Sales account
Manufacturing account
Profit and loss account
Trading account
Trading account
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an Appropriation account item for a company?
Interest on drawings
Proposed dividends
Interim dividends
Provision for taxation
General reserve
Correct answer is A
No explanation has been provided for this answer.
The purpose of a trading account is to ascertain
Sales
Gross profit or loss
Net profit or loss
Carriage outwarrds
Appropriated profit
Correct answer is B
No explanation has been provided for this answer.