In a single-entry accounting, purchases are ascertained using a
Trading account
Debtors control account
Statement of affairs
Creditors control account
Correct answer is D
No explanation has been provided for this answer.
6,440
3,880
3,500
1,320
Correct answer is D
No explanation has been provided for this answer.
16,800
14,300
8,300
7300
Correct answer is B
No explanation has been provided for this answer.
Quick ratio is calculated as X-Y:Z, where
x= stock; y=current assets and z= long-term liabilities
x = current assets; y = debtors and z= current liabilities
x=current assets; y= stock and z=current liabilities
x= debtors; y= stock and z=current assets
Correct answer is C
No explanation has been provided for this answer.
The mark-up on a product is 2/3. The margin is
3/5
2/5
1/3
2/9
Correct answer is B
No explanation has been provided for this answer.