Free BA3 Exam Braindumps (page: 20)

Page 20 of 99

Which of the following transactions would be classified as a capital transaction?

  1. Depreciation on plant and machinery
  2. Expenditure on heat and light
  3. Repayment of bank loan
  4. Payment of dividends

Answer(s): C



Refer to the Exhibit.



Which of the following balances normally result from the double-entry system of book- keeping?

The answer is:

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): B



Refer to the Exhibit.



What is the wages expense for the income statement for month 1?

  1. $3,808
  2. $4,428
  3. $6,236
  4. $6,966

Answer(s): D



If the royalty cost falls on items used in the manufacturing process, which TWO of the following would be true?

  1. Prime cost increases
  2. Factory cost of production reduces.
  3. Factory cost of goods completed remains the same
  4. Factory cost of production increases
  5. Prime cost reduces

Answer(s): B,E



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Anonymous User commented on May 05, 2024
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