Consider the following data pertaining to the production of a company for a particular month :

A: Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025

B: 94,287

C: 95,020

D: 1,52,624

Opening stock of raw material 11,570 Closing stock of raw material 10,380 Purchase of raw material during the month 1,28,450 Total manufacturing cost charged to product 3,39,165 Factory overheads are applied at the rate of 45% of direct labour cost. The amount of factory overheads applied to production is 65,025

A cash book with cash, bank and discount column is commonly referred as________?

A: Cash book

B: Two columns cash book

C: Three columns cash book

D: Petty cash book

Three columns cash book

The most common imprest system is the ________ system?

A: Petty cash

B: Cash book

C: Cash receipt

D: Discount

Petty cash

A cash book that is used to record the small payments of cash is generally referred as_________?

A: Simple cash book

B: Two column cash book

C: Three column cash book

D: Petty cash book

Petty cash book

Payment of rent expenses is recorded on which side of cash book?

A: Receipts

B: Payments

C: Income

D: Expense

Payments

Cash discount is allowed on _______ repayment of debt.

A: Lump sum

B: Prompt

C: Actual

D: None of them

Prompt

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