Accounting Quiz or Test Your Knowledge On The Cost of Goods Sold, Accruals and Prepayments

Tweet 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 […]