Advanced Financial Accounting

Find the sales ratio

18,000:12,000:27,000

• 3:9:6

• 6:3:9

• 2:3:4

• 9:3:6

Carriage inwards should be apportioned on the basis of

• Sales ratio

• Purchase ratio

• GP ratio

• Liquidity Ratio

Rent and rates to be apportioned on the basis of

• Space occupied by department

• Based on unused area

• Sales ratio

Cost of goods sold and turnover are one and the same

• True

• False

Indirect expenses will be apportioned in

• P & L a/c

• Trading a/c

• General P& L a/c

• Branch P& l a/c

Accounting treatment for department and branch account are one and the same

• True

• False

Departments are located in

• same place

• Outside the city

• another city

• Foreign country

Department accounts are prepared to know the

• efficiency of the department

• Profit made

• Performance of department

• All of the above