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

Related MCQs

• 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…………..
• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• Stock control through stock levels and EOQ is called .
• Opening stock + purchases + direct expenses – closing stock =
• Expected sales + desired closing stock – estimated opening stock = .
• Any transaction between a current account and another current account does not Affect .
• Any transaction between a non current account and another non current account does not affect .
• .......................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
• Stock verification sheets are maintained to record the results of ……….