MCQS ONLY

45.A company is preparing its statement of cash flows for the year ended 31 December X2. Relevant extracts from the accounts are as follows.Required to answer. Single choice.

(1 Point)

d) All of above are false

b) Balance sheet and Profit & Loss Statement appropriation account

c) Profit & Loss Statement and Balance sheet

a) Profit & Loss Statement

46.Consider the following: Beginning inventory 10 units @ Rs. 10 per unit First purchase 35 units @ Rs. 11 per unit Second purchase 40 units @ Rs. 12 per unit Third purchase 20 units @ Rs. 13 per unit Eighty units were sold, what is the value of the ending inventory using the FIFO method of inventory costing?Required to answer. Single choice.

(1 Point)

Rs.284

Rs.320

Rs.232

Rs.260