Period cost include which of the following ?

✅ C. Profit and Loss A/c

Option A : In Trading A/c Option B : In Profit and Loss Appropriation A/c Option C : Profit and Loss A/c Option D : Being a non operating item ignored Correct Answer : Profit and Loss A/c Read more

✅ B. Deduct income received in advance from respective income and show it as a liability

Option A : Add income received in advance to respective income and show it as a liability Option B : Deduct income received in advance from respective income and show it as a liability Option C : Add income received in advance to respective income and show it as asset Option D : Deduct income received in advance from respective… 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

✅ 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

✅

Option A : Masoods account Option B : Cash account Option C : Cash account and Gagans account Option D : None of these Correct Answer : Masood™s account Read more

✅ C. Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales

Option A : Adding 2,200 to closing stock Option B : Deducting 1,800 from closing stock and deducting 2,200 each from debtors and sales Option C : Adding 1,800 to closing stock and deducting 2,200 each from debtors and sales Option D : Deducting 1,800 from debtors Correct Answer : Adding 1,800 to closing stock and deducting 2,200 each from… Read more

✅ A. Business entity concept

Option A : Business entity concept Option B : Money measurement concept Option C : Going concern concept Option D : Matching concept Read More Details about this Mcq Correct Answer : Business entity concept Read more

✅ B. Payments

Option A : Receipts Option B : Payments Option C : Income Option D : Expense Correct Answer : Payments Read more