Stock Adjustment Account is debited with ……….and credited with ………..

Related MCQs

• In Entry under Integrated System for Cash purchase of materials for stock, ____________ account is debited.
• Under integrated system of Accounting , purchase of raw material is debited to which account?
• Under integrated system of Accounting , issue of raw material is debited to which account?
• In Entry under Integrated System for Cash purchase of Special Materials for direct use in a Job, ____________ account is debited.
• When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• A contract account is a _______ account in nature.
• The budget which commonly takes the form of budgeted profit and loss account and balance sheet is
• Entry under Integrated System for : Credit purchase of materials for stock