In a three column cash book_______________does not exist?
In a three column cash book_______________does not exist?
A. Cash column
B. Bank column
C. Petty cash column
D. Discount column
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Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?A. Bank charges will be debited in cash book
B. Bank charges will be added to cash book balance
C. Bank charges will be credited in cash book
D. Bank charges need no adjustment in cash bookOne of the most important tools in cost planning is__________?
One of the most important tools in cost planning is__________?A. Direct cost
B. Cost Sheet
C. Budget
D. Marginal Costing.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
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 isA. 111%
B. 120%
C. 95%
D. 117%The closing balance of a petty cash book is a / an___________?
The closing balance of a petty cash book is a / an___________?
A. Liability
B. Gain
C. Assets
D. LossPetty cash fund is supposed to be replenished?
Petty cash fund is supposed to be replenished?A. Every day
B. Every half year
C. Every year
D. At the end of every accounting periodWhich of the following specialised journals will record “goods returned by the BUSINESS “?
Which of the following specialised journals will record “goods returned by the BUSINESS “?
A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal