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Cost Accounting
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Cost Accounting
If, Gross profit = Rs. 40,000 GP Margin = 20% of sales What will be the value of cost of goods sold?
Rs. 160,000
Rs. 120,000
Rs. 40,000
Rs. 90,000
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Cost Accounting
The journal entry of purchase of stock under periodic inventory system would be?
Inventory to Cash
Cash to Purchases
Purchases to Inventory
None of the given options
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rikazzz
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Cost Accounting
Net sales = Sales less:
Sales returns
Sales discounts
Sales returns and allowances
Sales returns and allowances and sales discounts
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Cost Accounting
Cost accounting department prepares ___________ that helps the in preparing final accounts.
Cost sheets
Cost of goods sold statement
Cost of production Report
Material requisition form
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Cost Accounting
Where the applied FOH cost is greater than the actual FOH cost it is:
Unfavorable variance
Favorable variance
Normal variance
Budgeted variance
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