Costing - Study Mode
[#916] The cost formula acceptable under AS-2 for inventory valuation is
Correct Answer
(A) FIFO
[#917] The sum of value of work certified and uncertified appearing in the Contract Account is called . . . . . . . .
Correct Answer
(A) Work in Progress
[#918] A bus carries 25 passengers daily for 25 days and its mileage per month is 1000 kms. Its passenger miles are . . . . . . . .
Correct Answer
(D) 25,000
[#919] Which of the following is an investing activity?
Correct Answer
(C) Cash outflow to acquire fixed assets
[#920] . . . . . . . . is used primarily for control of spare parts.
Correct Answer
(C) VED Analysis