Opening stock + Purchases + carriage inwards is equal to
Total sales
Cost of goods sold
Cost of goods available for sale
Gross profit
Prime cost
Correct answer is C
No explanation has been provided for this answer.
Which of the following is the least liquid?
Stock
Debtors
Bills receivable
Payment machinery
Correct answer is D
No explanation has been provided for this answer.
When a shareholder fails to pay the calls requested from him, this situation leads to
Forfeiture of shares
Bonus shares
Over-subscription
Right issues
Correct answer is A
No explanation has been provided for this answer.
Which of the following is nit a petty cash book item? purchase of
Machinery
Stamps
Office pins
Milk
Correct answer is A
No explanation has been provided for this answer.
Into how many major types can general purpose computers be classified?
Six
Five
Four
Three
Correct answer is D
No explanation has been provided for this answer.