Goods purchased for reselling is regarded in the statement of Profit & Loss as: (a). Cost of
Question:
Goods purchased for reselling is regarded 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: 100% (2 reviews)
b Pur...View the full answer
Answered By
Nimlord Kingori
2023 is my 7th year in academic writing, I have grown to be that tutor who will help raise your grade and better your GPA. At a fraction of the cost on other sites, I will work on your assignment by taking it as mine. I give it all the attention it deserves and ensures you get the grade that I promise. I am well versed in business-related subjects, information technology, Nursing, history, poetry, and statistics. Some software's that I have access to are SPSS and NVIVO. I kindly encourage you to try me; I may be all that you have been seeking, thank you.
4.90+
360+ Reviews
1070+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Angle between two planes is defined to be the angle between their normals which 0 0 < (see the satisfies figure). Consider two planes with equations 2y + z = 14 and 2x + z = 2. For these planes...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
The following trial balance relates to Amethyst as at 31 March 2015: The following information is relevant: 1. After the year end stock take it was discovered that goods worth $4 million, which were...
-
Use a calculator to approximate the value. Round your answer to two decimal places. arccos(0.051)
-
What is the present value of twenty $500 cash flows that occur at the end of each year for the next twenty years at a periodic interest rate of 7.5% compounded annually? The first cash flow occurs a...
-
Review the instructions in problem 8. Now assume as alternative A you are considering a $10,000 par value Treasury strip that matures in 20 years. The discount rate is 6 percent. You also are...
-
What is the velocity of each cart in Figure 6.2 measured by an observer moving at \(-3.0 \mathrm{~mm} /\) frame in the Earth reference frame? Figure 6.2 Two identical carts on a low-friction track....
-
Henry invests $50,000 in an entity called Forward Investments on January 20, 2010. Communication Skills Under the terms of the investment agreement, the $50,000 is considered a loan that Forward will...
-
18. The atomic number of elements P, Q, R and T are 19,17, 14 and 6 respectively. The pair of elements that can react to form an ionic compound is A. Q and T B. R and Q C. Q and P D. R and T 19. The...
-
True and False. Shareholders can increase the rate of dividend as directed by the directors.
-
Write the format of balance sheet as per Revised Schedule VI.
-
Figure shows acceleration-versus-force graphs for two objects pulled by rubber bands. What is the mass ratio m 1 /m 2 ? 5a 4a, , 2a1 la, 0 1 2 3 4 5 6 Force (number of rubber bands) Acceleration...
-
Royal Dutch/Shell Group discusses here its profit margins in the Chemical unit. . . . earnings in 2003 were $185 million lower. Sales volumes, including traded products, increased by 19% from a year...
-
XYZ Ltd processes and purifies a basic chemical which is then broken down by reaction to give three separate products. Explain the approaches to joint cost allocation using the following information:...
-
The following features are advertised by SAGE as being available within its job costing software module: l Define and track all cost elements of every job. With up to 10 analysis codes you can...
-
This extract is taken from a case study of a company making windows and side shutters. The company has started using a product from Best Software, a company in the Sage group. Our office is so much...
-
In a continuous flow process, the following information was collected in relation to production during the month of May: Opening work-in-progress was valued at cost of 42,000. Costs incurred during...
-
The manager of a commuter rail transportation system was recently asked by her governing board to determine the factors that have a significant impact on the demand for rides in the large city served...
-
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
-
The amortisation period and amortisation method should be reviewed A. At least twice in a financial year B. At least at each quarter end C. At least at each financial year end
-
At present, carrying amount of a patent is 4,00,000. The fair value is 6,00,000. The patent will A. Not be amortised any more B. Continue to be amortised C. Be revalued at 6,00,000
-
Expenditure on research should be recognised as A. A deferred revenue expenditure B. A capital expenditure C. A revenue expenditure
-
15. Determine the transverse modulus of a unidirectional carbon/epoxy composite with the properties E2f = 14.8GPa, Em = 3.45GPa, Vm = 0.36, V = 0.65. 16. The fiber and matrix properties and in-plane...
-
A sample of material contains 40 ug of 1-131. I-131 has a half-life of 8.0207 days. What is the number of I-131 atoms present 4 days from now?
-
7. It is required to finish-turn the diameter of a glass-fiber-reinforced axle from 77.0 to 75.0mm at a length of 50.0 mm on each end of the axle. The axle is 1,000.0 mm long. The axle is turned at...
Study smarter with the SolutionInn App