Hamad Accounting Mcqs 01/09/2023 A. Stock B. Vehicle C. Fixed deposit in bank D. Both A. and C. above Related Mcqs: 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... Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting?A. Identifying transactions B. Preparing “T Accounts” C. Preparing financial statements D. Preparing trial balances... Which of the following will not appear in Profit and Loss Account of a business?A. Drawings B. Bad debts C. Accrued expenses D. Reserve for discount on Sundry Creditors... If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.A. 8,000 units B. 11,000 units C. 10,000 units D. 9,000 units... A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?A. 18,387 B. 18,560 C. 18,750 D. 19,000...
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