A. 3
B. 6
C. 9
D. 16

A. Assets Liabilities + Owners’ Equity
B. Liabilities = Short term liabilities + current assets.
C. Liabilities = Fixed assets – current assets.

A. RS.50 (Dr)
B. Rs.100 (Cr)
C. Rs.100 (Dr)
D. RS.50 (Cr)

A. Rs. 100 debit
B. Rs. 100 credit
C. Rs. 400 debit
D. Rs. 400 credit

A. Carriage inwards
B. Carriage outwards
C. Discount received
D. Discount allowed

A. Sales – purchases
B. Opening stock-closing stock + purchases -returns out
C. Purchases – returns.out + closing stock If,
D. Gross profit – expenses

A. 284,500
B. 282,000
C. 307,000
D. 262,000

A. Unfavorable variance
B. Favorable variance
C. Normal variance
D. Budgeted variance

A. FIFO
B. LIFO
C. Weighted Average
D. Cannot be determined

A. Direct Material costs + direct Labor costs +
other Direct Cost
B. Direct Labor + FOH
C. Direct Labor + Other Direct Cost + FOH
D. None of the above