Which of the following does not appear in a bank statement?
Dividend received
Bank charges
Uncredited cheques
Dishonoured cheques
Correct answer is C
No explanation has been provided for this answer.
Cost of extension to a factory building is classified as
Capital receipt
Revenue expenditure
Capital expenditure
Revenue receipt
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not part of factory overhead?
Factory salaries
Factory lighting and heating
Depreciation of plant and machinery
Depreciation of furniture and fixtures
Correct answer is D
Factory overhead is the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a product. It has to do with indirect labor and cost.
Examples are;
Furniture and fixtures are office expenses and are not involved in the production phase.
N910
N650
N637
N260
Correct answer is C
No explanation has been provided for this answer.
A three column cash book contains column for
Cash, assets and liabilities
Bank, cash and assets
Cash, bank and return
Discount, cash and bank
Correct answer is D
No explanation has been provided for this answer.