A. Normal amount of wasted material
B. Administrative overhead
C. Purchase price
D. Import duties
Answer: B
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A. Straight Line Method
B. Revaluation Method
C. Sinking Fund Method
D. Reducing Balance Method
Answer: D
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A. Error in computation of balances
B. Transposition of figures
C. Errors of wrong posting in the debit and credit columns
D. Errors of principle
Answer: D
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A. DR Taxation A/C; CR cash A/C
B. DR Personal Tax A/C; CR Bank A/C
C. DR Drawings A/C; CR Cash A/C
D. DR Cash A/C; CR Drawing A/C
Answer: C
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A. Assets of the company would be over-stated byN18,000
B. Liabilities of the company would be over-stated byN18,000
C. Net profit of the company would be over-stated byN18,000
D. Liabilities of the company would be under-stated byN18,000
Answer: D
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A. Sales day book
B. Control accounts
C. Trial balance
D. Statement of Profit or Loss
Answer: C
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A. Reduced by N22,500
B. Increased by N22,500
C. Reduced by N120,000
D. Increased by N157,500
Answer: A
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A. Total credit purchases
B. Transfer of credit balances from receivables edger
C. Transfer of debit balances to receivables ledger
D. Set-off contra
Answer: D
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The Flemish Ministry of Education and Training awards scholarships to highly talented international students who want to study a master's programme at a Flemish university, a school of arts or ...
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