Accounting Quiz or Test Your Knowledge On The Cost of Goods Sold, Accruals and Prepayments
Refresh or test your accounting knowledge on Cost of goods sold,accruals and prepayments:
| QUESTIONS:
1.0 Give the formula for calculating the cost of goods sold? 2.0 How is the cost of carriage inwards treated for accounting purposes? 3.0 How is a reduction in stock value treated for accounting purpose? 4.0 Define accruals and prepayments |
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