Advance Accounting and Auditing

Cash

Accounts

Receivable

Both a and c

Companies Ordinance 1984

Baking Companies Ordinance 1962

Insurance Ordinance 2000

None of these

Classification of costs into fixed and variable

Emergence of more than one product

Equivalent production

None of these

4500 units

3900 units

1200 units

400 units

DR Finished goods CRWIP

DR Cost of goods CR Finished goods

DR WIP CR FOH control

DR FOH control CR FOH applied

Sales quantity + opening stock +closing stock

Sales quantity – Opening stock+ Closing stock

Sales quantity -Opening stock-Closing stock

Sales quantity

0.04

0.1

0.06

None of these

Audit staff

Chief accountant

Directors

Audit management

Property income held under trust

Self-occupied residential property

Income from agriculture building

All of the above

Net sales

Cost of goods available for sale

Cost of goods sold

Gross profit