Goodwill A/c is a/an__________?

✅ 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

✅ C. Cost+ Transport+ Installation expenses

Option A : Cost price of asset Option B : Market price Option C : Cost+ Transport+ Installation expenses Option D : Cost or market values whichever is less Correct Answer : Cost+ Transport+ Installation expenses Read more

✅ D. Conversion cost

Option A : Prime cost Option B : Explicit cost Option C : Job order cost Option D : Conversion cost Correct Answer : Conversion cost Read more

✅ E. above

Option A : Shown as a deduction from contract work-in-progress on asset side Option B : Shown as a liability Option C : Credited to P&L A/c Option D : Either or Correct Answer : Either or above Read more

✅ D. All the three

Option A : Errors of casting Option B : Errors of carry forward Option C : Errors of posting Option D : All the three Correct Answer : All the three Read more

✅ B. Each unit of output

Option A : Each Department Option B : Each unit of output Option C : Each Month Option D : Each Executive Correct Answer : Each unit of output Read more

✅ C. Obsolescence

Option A : Routine repair and maintenance Option B : Misuse Option C : Obsolescence Option D : Wear and tear Correct Answer : Obsolescence Read more

✅ A. Assets side

Option A : Assets side Option B : Liability side Option C : Profit & Loss A/c Option D : Debited to Capital A/c Correct Answer : Assets side Read more