The aggregate of direct material, direct labour and direct expenses is known as
Product Cost
Manufacturing Cost
Prime Cost
Production Cost
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- Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
- The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
- In Double Entry System of Book Keeping, the total of Debit balances may not be equal to the total of…
- Capital of the business is an example of external liability.
- Fixed Assets are stated in the balance sheet at their market value.
- If the totals of debit and credit columns of a Trial Balance are equal, it implies correctness of books…
- Capital + Long-term liabilities = Fixed Assets + Current Assets + Cash - Current Liabilities.
- The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
- Accrual concept implies accounting on cash basis.
- Wages and Salaries is a charge against
- Cash is an example of
- WDV stands for
- WIP stands for
- Cash payments are recorded on the _______________ of the Cash Book.
- The balance in the Cash Book represents net income.
- Depreciation cannot be provided in case of loss, in a financial year.
- The account which can never have a credit balance is
- Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
- HUF stands for
- The short description of a transaction written at the end of a journal entry is known as _______________.
- The aggregate of direct material, direct labour and direct expenses is known as
- Transfer to General Reserve is a charge against
- Net Realisable Value of an asset means
- E. & O.E.
- The accounts of a company may be maintained using Single Entry System of Book Keeping also.
- Providing depreciation ensures sufficient cash for asset replacement.
- An expense incurred to keep the machine in working condition is a capital expenditure.
- Trial Balance is prepared after the preparation of Profit and Loss Account.
- Goodwill is not a fictitious asset.
- The first step of accountancy is