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.Management Sciences
A. 20,000 Loss
B. 20,000 Profit
C. 10,000 Loss
D. 10,000 Profit
Related Mcqs:
- Identify the correct sequence of accounting process
- A. Communicating→Recording→Identifying B. Recording→Communicating→Identifying C. Identifying→communicating→recording D. Identifying→recording→communicating...
- Which of the following is true regarding closing entries?
- A. They must be followed by reversing entries B. They transfer the balances in all of the Nominal Accounts to the Trading and Profit and Loss Account C. They must be made after the reversing entries but before the adjusting entries D. They must be made after the adjusting entries but before the reversing entries...
- Which of the following are current assets of a business?
- i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income A. Both (i) and (iv) above B. Both (ii) and (iii) above C. (i),(ii) and (iii) above D. (ii),(iii),(iv) and (v) above...
- A foreign bill of exchange is generally drawn up in___________?
- A. Triplicate B. Duplicate C. Single D. Quadruplicate...
- Which of the following bases is not appropriate for apportionment of Transport department‘s cost ?
- A. Crane hours B. Crane value C. Truck Mileage D. Truck value...
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