A……………..system of departmental account is more convenient where the number of department are very small

Related MCQs

• The closing balance of book debts account is ascertained by preparing branch ………………Account.
• The value of stock on the date of fire can be ascertained more precisely by preparation of a…………… Account
• Earning per share is very important financial ratio is computed for assessing the state of --------------price of shares.
• The computation of loss by fire is very simple taken when a -------------- asset is destroyed
• ………….method of branch accounting is usually adopted when the branch is of the small size.
• A parent co. should account for the investment in subsidiaries in accordance with AS -13
• A memorandum trading account is to be prepared to ascertained the value of stock on the date of fire.
• Interest paid and payable comes to the……………side of the profit and loss account.
• Dividend received on shares is comes to the……………. side of profit and loss account.
• The normal and abnormal stock of goods doesn’t appear in branch account as the closing stock is at the…………….figure.