The adjusting entry for difference between the invoice price and cost price of goods are shown in ________

Related MCQs

• HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price
• H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?
• H.O. has sent goods on invoice price worth Rs 2,40,000 which are 25% above cost price. What is the loading element?
• Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.
• HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______
• The difference between hire purchase price and the cash price is called ______
• If the Market value of closing Inventory is less than its cost price, inventory will he shown at ____
• The difference between goods sent by H.O. and received by branch is known as _______
• Goods in transit are shown in the balance sheet at ______
• The Market price of good declined than the cost price. Then the concept that plays a key role is ____