Hamad Accounting Mcqs 10/09/2021 A. Variable cost B. Unit cost C. Total cost D. Fixed cost Related Mcqs: Sales and purchase journal don’t record__________?A. Credit sales B. Credit purchases C. Credit sales and purchases D. Cash sales and purchases... Which of the following is a liability?A. Cash B. Equipment C. Debtors D. Creditors... Payment of expenses will ______ the assetsA. Increase B. Reduce C. apportion D. Overstate... The Profit and Loss Account shows the:A. Financial results of the concern for a period B. Financial position of the concern on a particular date C. Financial results of the concern on a particular date D. Cost of goods sold during the period... A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?A. 30th June,2018 B. 1st July,2018 C. 4th July,2018 D. 4th August,2018...
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