80
100
60
160
Correct answer is C
No explanation has been provided for this answer.
The item on the credit side of the trading account is the?
Returns outwards
Carriage on sales
Sales
Purchases
Correct answer is C
No explanation has been provided for this answer.
In a period of declining price, which of the following methods would result in higher profit?
FIFO
Simple average
LIFO
Weighted average
Correct answer is A
No explanation has been provided for this answer.
The type of expense charged against administration of a firm is the?
Repairs on building
Interest paid on loan
Discount allowed
Tax expense
Correct answer is A
No explanation has been provided for this answer.
iii and v
ii and i
iv and v
i and iv
Correct answer is D
No explanation has been provided for this answer.