Q: which of the following is ascertained by drawing up an incomeand expenditure account
(a) : Cash in hand
(b) : Surplus or Deficiency
(c) : Capital Fund
(d) : All of these
(e) : none
Answer: Surplus or Deficiency
Explanation:
Explanation:
Q: Which of the following is not an acceptable inventory method?
(a) : Lower of cost or market
(b) : Sales value
(c) : Specific identification
(d) : All of these
(e) : none
Answer: Sales value
Explanation:
Explanation: