Any transaction between a current account and another current account does not Affect .

Related MCQs

• Any transaction between a non current account and another non current account does not affect .
• In inter process profits, the output of one process is transferred from one process to another not at …………….but at ……………….
• Material budget consists of two parts, one is the consumption budget and another Is .
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• The budget which usually takes the form of budgeted profit and loss account and balance sheet is known as
• An item of cost that is direct for one business may be ......................for another business.
• Stock Adjustment Account is debited with ……….and credited with ………..
• 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…………..
• The sum of value of work certified and uncertified appearing in the Contract Account is called ……………..
• In process costing, the abnormal loss is treated as .............. cost and written off to profit & loss account.