The debenture issued at par above the nominal value is Said to be issued at a
Margin
Premium
Cost price
Mark-up
Correct answer is B
No explanation has been provided for this answer.
Which of the following are advantages of departmental accounts?
The capital of the business can be calculated easily
Easy knowledge of the sources of funding
Encouragement of healthy rivalry among the various department
The department making the highest profit can be easily determined
Correct answer is D
No explanation has been provided for this answer.
Four broad classifications of overheads are
Production, selling, distribution and administration
Production, selling, distribution and material
Selling, distribution and material
Distribution, selling, administration and materials
Correct answer is A
No explanation has been provided for this answer.
Advertising expenses incurred on a product in a business organization should be charged to
Production department
Purchases department
Sales department
Administrative department
Correct answer is C
No explanation has been provided for this answer.
Drawings account
Appropriation account
Capital account
Creditors account
Correct answer is D
No explanation has been provided for this answer.