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Which method of pricing can be used satisfactorily in either rising or falling price situation? A Market price B Average method C FIFO D Standard price Answer is B

Determine wage expenses from the given information, wages outstanding at the beginning, wages paid during the period 15000 and wages outstanding of the period 2,000 A N16,000 B N17,000 C N13,000 D N14,000 Answer is A

An entry in a subsidiary book which does not form part of the double entry system is a A contra entry B single entry C journal entry D memorandum entry Answer is D