Raw materials purchased is considered in the statement of Profit & Loss as: (a). Cost of materials
Question:
Raw materials purchased is considered in the statement of Profit & Loss as:
(a). Cost of materials consumed
(b). Purchase of stock in trade
(c). Changes in inventories
(d). None of these
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
a Cos...View the full answer
Answered By
Isaiah Mutinda
As a graduate with Bs in Maths and Computer Science and having worked as a freelance full stack software developer for 3 years running I believe I have what it takes to conformable tutor and mentor a student to a professional developer also.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Need help please TB MC Qu. 5-96 (Static) You want to invest... You want to make five annual payments of $6,000 beginning now in order to accumulate $35,000 for a down payment on a house in five...
-
Why would researchers need to study how individual differences in gender, personality, and culture factor in the effectiveness of a negotiator?
-
The simple beam AB is subjected to a uniform distribution load as shown in the figure. Draw a shear force plot and find the position and value at which the shear force magnitude is maximized. A W L B
-
Tern Corporation, a calendar year C corporation, is solely owned by Jessica Ramirez. Terns only business since its incorporation in 2011 has been land surveying services. In Terns state of...
-
What is the future value, five years from now, of sixty $100 cash flows using a periodic interest rate of 0.7% compounded monthly? The cash flows are made at the end of each month.
-
Given a 10-year bond that sold for $1,000 with a 13 percent coupon rate, what would be the price of the bond if interest rates in the marketplace on similar bonds are now 10 percent? Interest is paid...
-
What is creativity?
-
Draw an entity-relationship diagram for the following situation: A commercial bakery makes many different products. These products include breads, desserts, specialty cakes, and many other baked...
-
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
-
True and False. Sale of scrap is treated as revenue from operations by a manufacturing company.
-
The following ledger balances were extracted from the books of Varun Ltd., as on 31 st March 2016: Land & Building 2,00,000; 12% Debentures 2,00,000; Share Capital 10,00,000 (equity shares of 10...
-
(a) Why does food cook faster in a pressure cooker? (b) Why does pasta or rice need to boil longer at high altitudes? (c) Is it harder to boil water at high altitudes?
-
What is the purpose of the work-in-progress account and what types of entries would you expect to see there.
-
What is the purpose of a contract ledger account and what types of entry would you expect to see there.
-
In a job-costing system, the following list of transactions for a month is to be entered in the relevant ledger accounts. In which ledger accounts would each of these figures be located? Purchases of...
-
Why is there no definitive list of ledger account headings for management accounting purposes.
-
State the debit and credit entries for each of the following types of transaction: (a) transfer of completed work-in-progress to finished goods inventory. (b) recognition that finished goods...
-
A multiple regression with 36 observations and three explanatory variables yields the ANOVA table in Table 11.1. a. Complete this ANOVA table. b. Can you conclude at the 1% significance level that...
-
g(x) = x 5 5x 6 a. Show that g(x) = 0 has a root, , between x = 1 and x = 2. b. Show that the equation g(x) = 0 can be written as x = (px + q) 1/r , where p, q and r are integers to be found. The...
-
Contingently - issuable shares are treated as outstanding and are included in the calculation of basic earnings per share A. From the date of contract B. From the date when new shares are registered...
-
X Limited began construction of a new plant on 1st April, 2011 and obtained a special loan of 8 lakhs to finance the construction of the plant. The rate of interest on loan was 10 per cent per annum....
-
Equity Shares issued in exchange for the settlement of a liability of the enterprise are included in the EPS calculation from A. The date of contract for service B. The date of settlement become...
-
(vi) Rudolph has found a renovated, Victorian architecturally-styled house in a location close to his work. It is a three-bedroom, one bathroom house constructed with floor joists at 450 mm centres...
-
a) Describe the difference between local, advective, and total accelerations. You may use examples if you think it would be helpful. b) Use normal-curvature Bernoulli to explain how a thin canvas...
-
1. Consider the following differential equation. q+4q-q=u a) Convert this system to state-space form. (Hint: what order is the system?) b) Find the Jordan Canonical form for the resulting A matrix....
Study smarter with the SolutionInn App