What is an accounting term that represents an inventory account adjustment ?

Related Mcqs:

One banker’s year is equivalent to ________________ days?

A. 300 B. 360 C. 365 D. 366...

What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

A. Monetary unit B. Currency C. Foreign exchange D. Cash or check...

By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?

A. 11.23 years B. 11.46 years C. 11.57 years D. 11.87 years...

What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?

A. Depletion B. Inflation C. Depreciation D. Deflation...

What is a measure of the average speed with which accounts receivable are collected ?

A. Current ratio B. Quick ratio C. Acid test ratio D. Receivable turnover...