8 Daniel made an error when he calculated the value of his closing inventory, which means
A、Overstated Understated
B、Overstated Overstated
C、Understated Understated
D、Understated Overstated
A、Overstated Understated
B、Overstated Overstated
C、Understated Understated
D、Understated Overstated
A、Discutirá
B、Discutió
C、Discutía
D、Ha discutido
A、$10,505
B、$10,730
C、$11,480
D、$11,705
A、Production overheads should be included in cost on the basis of a company's normal level of activity in the period.
B、In arriving at the net realisable value of inventories, trade discounts and settlement discounts must be deducted.
C、In arriving at the cost of inventories, FIFO, LIFO and weighted average cost formulas are acceptable.
D、It is permitted to value finished goods inventories at materials plus labour cost only, without adding production overheads.
A、Inclusive of sales tax in the statement of financial position
B、Exclusive of sales tax in the statement of financial position
C、The sales tax is deducted and added to the sales tax account in the statement of finance position
D、Sales tax does not appear in the statement of financial position because the business simply acts as a collector on behalf of the tax authorities
A、Dr Purchases $500, Dr Sales tax $75, Cr Payables $575
B、Dr Purchases $575, Cr Sales tax $75, Cr Payables $500
C、Dr Purchases $500, Cr Payables $500
D、Dr Purchases $575, Cr Payables $575
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