Consider the following data for a company during the month of June 2012 Budgeted hours 4,000 Standard hours for actual production 4,400 Maximum possible hours in the budget period 4,800 Actual hours 3,800 The activity ratio of the company during the month is

✅ A. Cash book

Option A : Cash book Option B : Trial balance Option C : Auditors report Option D : None of these Correct Answer : Cash book Read more

✅ D. Both and B.

Option A : Cheque issued but not presented Option B : Cheque issued but dishonoured Option C : Cheque deposited and credited by bank Option D : Both and B. Correct Answer : Both and B. Read more

✅ B. $500 will be credited

Option A : $500 will be debited Option B : $500 will be credited Option C : Non-adjustable Option D : $1000 will be subtracted Correct Answer : $500 will be credited Read more

✅ D. Postage & Stamps

Option A : Opening Stock Option B : Carriage inward Option C : Wages & Salary Option D : Postage & Stamps Correct Answer : Postage & Stamps Read more

✅ A. Debit Profit and Loss Account and deduct the provision from debtors

Option A : Debit Profit and Loss Account and deduct the provision from debtors Option B : Credit Profit & Loss Account and deduct the provision from debtors Option C : Credit Profit and Loss Account and add the provision to debtors Option D : Debit Profit & Loss Account and add the provision to debtors Correct Answer : Debit… Read more

✅ B. Credit

Option A : Debit Option B : Credit Option C : Expenses Option D : Liability Correct Answer : Credit Read more

✅ B. Balance Sheet

Option A : Income Statement Option B : Balance Sheet Option C : Cash Flow Statement Option D : Retained Earning Statement Correct Answer : Balance Sheet Read more

✅ A. Book value

Option A : Book value Option B : Intrinsic value Option C : Cost Option D : Market value Correct Answer : Book value Read more