Accounting & Auditing Paper II (2001) - B


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1.    Re-order quantity …… 3600 units, Maximum consumption ...… 900 units per week, Minimum consumption …....300 units per week, Re-order period …………….….5 weeks. Based on this data Re-order level is?





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2.    The time lag between indenting and receiving material is called?




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3.    A credit balance remaining in FOH Control account is called?
Direct material cost plus direct labour cost is called?





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4.    A segment of the business that generates both revenue and cost is called?





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5.    Productivity means?




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6.    Verification includes?



7.    Direct material cost plus direct labour cost is called?





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8.    Audit of a bank is generally conducted through?




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9.    Short term Loan can be best described as?




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10.    Economics resources of a business that are expected to be of benefit in the future are referred to as?




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