Self Studies

Financial State...

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  • Question 1
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    Which of the following item of cost is not a part of inventory?

  • Question 2
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    Wages incurred on installation of an asset is shown in ___________.

  • Question 3
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    On the income statement, the beginning inventory is added to the cost of goods purchased to yield the _________.

  • Question 4
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    Beginning inventory plus the cost of goods purchased equals________.

  • Question 5
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    Which of these is not a part of inventory ?

  • Question 6
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    The useful life of an asset cannot be longer than the useful life specified in _____________.

  • Question 7
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    Under casting of the total of Sales A/c will affect .......

  • Question 8
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    Under permanence order of balance sheet _________ a/c is shown first.

  • Question 9
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    A  trading A/c excluded which of these A/c 

  • Question 10
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    From the following estimate total sales to be shown in trading A/c. Cash sales Rs.20,000, Cash  collection from debtors Rs.1,30,000, Bad debts during the year 15,000. Cash discount to debtors Rs.5000. Debtors as on 31.01.2010 Rs.25,000 Debtors as a 31.12.2010 Rs.55,000

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