Which method of pricing can be used satisfactorily in eit...
Which method of pricing can be used satisfactorily in either rising or falling price situation?
Market price
Average method
FIFO
Standard price
Correct answer is B
An average method which accommodate all the prices and then divide (inform of mean) is well acceptable in either of the two situation.
The profit of a branch is usually credited to the ...
Determine the year''s purchase from the following information relating to a firm. Total c...
In the preparation of manufacturing accounts, prime cost plus factory overheads equal to cost of ...
Capital and drawings accounts are kept in the ...
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a ...
In the trading and profit and loss account of a manufacturing organization, purchases is? ...
The excess of sales over cost of goods sold is ...
Given: i. The memorandum of association of the company ii. The article of associ...
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overh...