ACC757 TMA

If a debtor is declared insolvent or bankrupt, and the debt becomes irrecoverable, then such a debt is referred to as ______

 

______ is equal to closing capital add drawing and less opening balance…

 

_____ is the cost of raw materials that can be traced directly to the goods manufactured….

 

_________ refers to any expenses that is due for payment but which remains unpaid…

 

To compute the cost of raw materials consumed in the production process, the following items need to be considered….

 

These are production or manufacturing cost except:….

 

Statement of comprehensive income and financial position are referred to as…

 

_____ is an inducement offered by a creditor to debtors to pay promptly…..

 

These are production or manufacturing cost except:….

 

This can be excluded from the factory overhead expenses:….

 

Direct expenses can be the following except….

 

If a building is let out on monthly basis and after the last day of the month the rent due is not yet received, the rent receivable will be classified as _______

 

Any payment which has been paid (in advance) but the benefit of the payment has not been enjoyed is known as _____.

 

The prepaid income is:….

 

_____ is the cost of raw materials that can be traced directly to the goods manufactured….

 

Certain goods which are still in the process of manufacture at the end of the year is known as _______.

 

To compute the cost of raw materials consumed in the production process, the following items need to be considered except:…

 

Direct materials plus direct labour expenses is known as _______.

 

______ is equal to closing capital add drawing and less opening balance…..

 

Relative to the manufacturing account, these are components of the prime cost…

 

This can be excluded from the factory overhead expenses:…..

 

_________ refers to any expenses that is due for payment but which remains unpaid….

 

_____ is an inducement offered by a creditor to debtors to pay promptly….

 

Direct expenses can be the following except….

 

_____ is the cost of raw materials that can be traced directly to the goods manufactured….

 

Statement of comprehensive income and financial position are referred to as…

 

_____ is an inducement offered by a creditor to debtors to pay promptly….

 

Which of the following is excluded from the conversion cost?…

 

What is the implication of an incomplete record?….

 

Waste materials coming out from the manafacturing process is known as _______.

 

If a debtor is declared insolvent or bankrupt, and the debt becomes irrecoverable, then such a debt is referred to as ______.

 

The prepaid income is:…

 

The cost of goods produced by a manufacturing concern includes two major costs: cost of raw materials consumed and _____.

 

_________ refers to any expenses that is due for payment but which remains unpaid….

 

If a building is let out on monthly basis and after the last day of the month the rent due is not yet received, the rent receivable will be classified as _______.

 

Direct expenses can be the following except:…

 

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