other good product
trading a/c
profit and loss a/c
costing profit and loss a/c
Answer is Right!
Answer is Wrong!
12. Elements of cost are
Material
Labour
Expenses
All of the above
Answer is Right!
Answer is Wrong!
13. An additional cost, incurred for some specific activity to bring processed product on to next production stage is
14. Assertion (A) Cash flow statement as per the financial statements as well is incapable in revealing the overall financial position of a firm. Reason (R) Cash is an important constituent of the working capital based on the recorded facts only.
Both (A) and (R) are true and (R) is the correct explanation of (A)
(A) is true, but (R) is not true
Both (A) and (R) are false
Answer is Right!
Answer is Wrong!
15. Sum of beginning work in process inventory units and started units, is subtracted from sum of ending work in process inventory units and transferred out units of goods to calculate
Gross weighted spoilage
inventoriable spoilage
partial spoilage
total spoilage
Answer is Right!
Answer is Wrong!