Which of the following is an item of prime cost?
Royalities payable
Factory salaries
Depreciation of plant
Rent of factory building
Correct answer is A
No explanation has been provided for this answer.
₦262,000
₦224,000
₦221,000
₦176,000
Correct answer is C
No explanation has been provided for this answer.
Rent owing by a business is shown in the
Trading account
Trial balance
Balance sheet
Cash book
Correct answer is C
No explanation has been provided for this answer.
The cost of raw materials consumed is determined in the Manufacturing Account as
Opening stock plus purchases less closing stock
Purchases plus closing stock less opening stock
Cost of materials available plus closing stock
Cost of materials available less opening stock
Correct answer is A
No explanation has been provided for this answer.
Which of the following items is found on he credit side of a sales Ledger Control Account?
Credit sales
Debtors cheques dishonoured
Interest on overdue account
Bad debts written off
Correct answer is C
No explanation has been provided for this answer.