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.Management Sciences
A. Gross Profit+ Sales+ Direct expenses+ Purchases+ Closing stock = Opening stock
B. Gross Profit+ Sales+ Direct expenses+ Purchases- Closing stock = Opening Stock
C. Gross Profit + Opening Stock + Direct expenses + Purchases- Closing stock = Sales
D. Gross Profit – Opening Stock + Direct expenses + Purchases +Closing stock = Sales
Related Mcqs:
- Another name of journal is_____________?
- A. Specialized journal B. Day book C. Cash book D. Record book...
- Every business transaction affects at least ________ accounts?
- A. One B. Two C. Three D. Infinite...
- The beginnings inventory of the current year is overstated by 5,000 and closing inventory is overstated by 12,000. These errors will cause the net income for the current year by
- A. 17,000 (overstated. B. 12,000 (understated. C. 7,000 (overstated. D. 7,000 (understated....
- Which of the following accounts appear(s) in the Balance Sheet of a business?
- i. Stock at the end of the financial year ii. Stock at the beginning of the financial year iii. Drawings iv. Prepaid Rent v. Interest received but not yet earned A. Only (i) above B. Only (iii) above C. Both (i)and (iii) above D. (i), (iii), (iv) and (v) above...
- Costs that change in response to alternative courses of action are called___________?
- A. Relevant costs B. Differential costs C. Target costs D. Sunk costs...
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