1- Which of following statements is/are false? Both the statements are trueii onlyBoth the statements are falsei only

i. Traditional Costing leads to undercosting and overcosting of products.

ii. Traditional method of overhead costing uses more arbitrary bases of apportionment of overhead.

2 -

Which of the following statements is true? i onlyBoth the Statements are falseii onlyBoth the Statements are true

i. A business will normally prefer a shorter average settlement period to a longer one

ii. A business will normally prefer a short inventories turnover period to a long one,

3-

Which of the following is data? i, ii and iii onlyiii onlyi and iii onlyi and ii only

i. Number of sales invoices generated during a month were 3,000

ii. Number of items of inventory in the store.

iii. Total Sales invoices between OMR 1,500 to OMR 3,000 were 500