Carriage on goods purchased is shown in:___________?

✅ C. estimation of selling price

Option A : estimation of profit. Option B : estimation of cost. Option C : estimation of selling price Option D : estimation of units. Correct Answer : estimation of selling price Read more

✅ A. Debtor

Option A : Debtor Option B : Creditor Option C : Defaulter Option D : Offender Correct Answer : Debtor Read more

✅ D. They must be made after the adjusting entries but before the reversing entries

Option A : They must be followed by reversing entries Option B : They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account Option C : They must be made after the reversing entries but before the adjusting entries Option D : They must be made after the adjusting entries but before… Read more

✅ C. Results in the acquisition of a permanent asset

Option A : Benefits the current accounting period Option B : Will benefit the next accounting period Option C : Results in the acquisition of a permanent asset Option D : Results in the acquisition of a current asset Correct Answer : Results in the acquisition of a permanent asset Read more

✅ A. Assets

Option A : Assets Option B : Expenditure Option C : Liability Option D : None Correct Answer : Assets Read more

✅ C. Remitting or receiving the amount

Option A : Discounting of the bill with the bank Option B : Payment of the bill on due date Option C : Remitting or receiving the amount Option D : Sending the bill to bank for collection Read More Details about this Mcq Correct Answer : Remitting or receiving the amount Read more

✅ C. distribution cost.

Option A : prime cost. Option B : factory cost. Option C : distribution cost. Option D : production cost Correct Answer : distribution cost. Read more

✅ D. selling Expenses & administrative expenses

Option A : selling Expense Option B : Direct labor Option C : factory overhead Option D : selling Expenses & administrative expenses Correct Answer : selling Expenses & administrative expenses Read more