Question: Cost Of Goods Sold ` 30,000, Opening Inventory ` 9,000, Closing Inventory ` 7,800.What Was The Inventory Turnover Ratio? a. 3.57 times b. 3.67 times c. 3.85 times d. 5.36 times [efaccordion id=”01″] [efitems title=”Show Answer” text=”3.57 times”][/efaccordion]
Category: Accounting
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Depreciation In Spirit Is Similar To?
Question: Depreciation In Spirit Is Similar To? a. Depletion b. Amortization c. Depression [efaccordion id=”01″] [efitems title=”Show Answer” text=”Amortization”][/efaccordion]
Directors Report In Respect Of Financial Report Constituent?
Question: Directors Report In Respect Of Financial Report Constituent? a. Mandatory for a limited Company b. Voluntary for a limited Company c. None of these [efaccordion id=”01″] [efitems title=”Show Answer” text=”Mandatory for a limited Company”][/efaccordion]
Cost Accounting Concepts Include All Of The Following Except
Question: Cost Accounting Concepts Include All Of The Following Except a. Planning b. Controlling c. Sharing d. Costing [efaccordion id=”01″] [efitems title=”Show Answer” text=”Sharing”][/efaccordion]
Closing Work In Process Inventory Of Last Year?
Question: Closing Work In Process Inventory Of Last Year? a. Is treated as Opening inventory for current year b. Is not carried forward to next year c. Become expense in the next year d. Charge to Profit & Loss account [efaccordion id=”01″] [efitems title=”Show Answer” text=”Is treated as Opening inventory for current year”][/efaccordion]
Combination Can Be Best Described As?
Question: Combination Can Be Best Described As? a. Restructuring of Capital of a Company b. Reduction of Capital of a Company c. Amalgamation of two different types of businesses [efaccordion id=”01″] [efitems title=”Show Answer” text=”Amalgamation of two different types of businesses”][/efaccordion]
Weighted Average Cost Per Unit Is Calculated By Which Of The Following Formula?
Question: Weighted Average Cost Per Unit Is Calculated By Which Of The Following Formula? a. Cost of goods issued/number of units issued b. Total Cost/Total Units c. Cost of goods manufactured/closing units d. Cost of goods sold/total units [efaccordion id=”01″] [efitems title=”Show Answer” text=”Total Cost/Total Units”][/efaccordion]
Another Name For A Journal In Accounting?
Question: Another Name For A Journal In Accounting? a. Day book b. Cash book c. Record book d. Specialized journal [efaccordion id=”01″] [efitems title=”Show Answer” text=”Day book”][/efaccordion]
Nelson Company Has Following FOH Detail. Budgeted (`) Actual (`) Production Fixed Overheads 36,000 39,000 Production Variable Overheads 9,000 12,000 Direct Labor Hours 18,000 20,000
Question: Nelson Company Has Following FOH Detail. Budgeted (`) Actual (`) Production Fixed Overheads 36,000 39,000 Production Variable Overheads 9,000 12,000 Direct Labor Hours 18,000 20,000 a. Under applied by `1,000 b. Over applied by ` 1,000 c. Under applied by ` 11,000 d. Over applied by ` 38,000 [efaccordion id=”01″] [efitems title=”Show Answer” text=”Under applied by `1,000″][/efaccordion]
Which Of The Following Element Must Be Taken Into Account While Calculating Total Earnings Of A Worker Under Different Incentive Wage Schemes?
Question: Which Of The Following Element Must Be Taken Into Account While Calculating Total Earnings Of A Worker Under Different Incentive Wage Schemes? a. Rate per unit b. Units of production c. Extra time taken by employee to complete the production d. Number of workers employed [efaccordion id=”01″] [efitems title=”Show Answer” text=”Units of production”][/efaccordion]