The main purpose of control account is to?
Detect errors and irregularities
Assist purchases
Assist sales
Check management incompetence
Correct answer is A
No explanation has been provided for this answer.
In a period of inflation, which of the following method normally gives a closing closing stock?
FIFO
LIFO
Simple average
Periodic simple average
Correct answer is A
No explanation has been provided for this answer.
The factor that determine the periodic depreciation charge are?
Asset cost, market value and useful life
Asset cost, market value and residusl value
Asset value, cash value useful life
Asset cost, salvage and useful life
Correct answer is D
No explanation has been provided for this answer.