Which of the following is not shown in the trial balance?
Opening stock
Closing stock
Discounts allowed
Discounts received
Correct answer is B
No explanation has been provided for this answer.
An example of direct expenses is
Insurance
Carriage inwards
Purchases of raw materials
Royalty
Correct answer is D
No explanation has been provided for this answer.
Factory costs excluding prime cost is
Overhead
Material cost
Fixed cost
Administration cost
Correct answer is A
No explanation has been provided for this answer.
The manufacturing account is prepared to determine the cost of
Trading
Production
Factory overhead
Raw materials
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an instrument for controlling public expenditure?
Constitution
Financial regulation
Budget
Memorandum
Correct answer is D
No explanation has been provided for this answer.