Question
1.Find out the cost of medicines consumed during 2015-2016 from the following information ParticularsAmt(Rs) Payment for the purchase of medicine$370000 Creditors for the medicine purchased
1.Find out the cost of medicines consumed during 2015-2016 from the following information
ParticularsAmt(Rs)
Payment for the purchase of medicine$370000
Creditors for the medicine purchased
On 1st April 2, 2015$2500
On 31st March,2016$1700
Stock of medicines
On 1st April, 2015$6200
On 31st March, 2016
Advance supplies of medicine
On 1st April,2015$11500
On 31st March, 2016$18200
2.What is an over accrual?
3.What is "deposit in transit"?
4.What is the main difference between accumulated depreciation and depreciation expense?
5.What is the meaning of a perpetual or periodic inventory system?
6.Define fictitious assets
7.How to define departmental accounting
8.What is tally accounting
9.What is the key difference between inactive and dormant accounts?
10.Discuss different methods of calculating depreciation on asset
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Managerial Accounting
Authors: Karen Braun, Linda S Bamber
2nd Edition
136091164, 978-0136091165
