A. Bank
B. Prepaid expenses
C. Accounts receivable
D. Creditor
A. Simple cash book
B. Two column cash book
C. Three column cash book
D. Petty cash book
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A. Receipts
B. Payments
C. Income
D. Expense
A. Lump sum
B. Prompt
C. Actual
D. None of them
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A. Cash book
B. Two columns cash book
C. Three columns cash book
D. Petty cash book
A. Petty cash
B. Cash book
C. Cash receipt
D. Discount
A. I
B. T
C. H
D. None
A. No change occurs to inventories for either use absorption costing or variable costing methods
B. The use of absorption costing produces a higher net income than the use of variable costing
C. The use of absorption costing produces a lower net income than the use of variable costing
D. The use of absorption costing causes inventory value to increase more than they would though the use of variable costing