1781. Journal entry for payment of wage (in control accounts) is :
A. Dr. Wages control account Cr Cash
B. Dr. Wages Cr Cash
C. Dr. Wages control account *
D. No entry is required
1782. Payment to creditors for supplies made journal entry (in control accounts) will be :
A. Dr. Sundry creditors Cr. Cash
B. Dr. Sundry creditors Cr. cost ledger control account
C. Dr. Sundry creditors Cr. Costing profit and loss account
D. No entry is required *
1783. What entry will be passed under integrated system for purchase of stores on credit?
A. Dr. Purchases A/C Cr. Creditors A/C
B. Dr. Stores ledger control account A/C Cr Creditors A/C *
C. Dr. Stores ledger Control A/C Cr. Genderal ledger adjustment A/C
D. None of the above
1784. What accounting entry under integrated system will be passed for payment to crditors for supplies made ?
A. Dr. Creditors A/C Cr. Cash A/C *
B. Dr. Store ledger A/C Cr. Creditors A/C
C. Both A and B
D. None of them
1785. What will be the accounting entry in integrated accounts for absorption of works overheads ?
A. Dr. Work in progress control A/C Cr. Factory overhead control A/C *
B. Dr. Factory overhead A/C Cr. Factory overhead control A/C
C. No Entry is required
D. Both A and B
1786. The accounting entry in integrated accounts for recording sales will be :
A. Dr. Cost ledger control A/C Cr. Profit and loss A/C
B. Dr. Debtors or cash A/C Cr. sales A/C *
C. Both A and B
D. None of the above
1787. Under integral system the accounting entry for recording depreciation charges or machinery will be :
A. Dr. Depreciation A/C Cr Machinery A/C
B. Dr. Factory overhead control A/C Cr. Machinery A/C *
C. Both A and B
D. None of the above
1788. Integral accounts eliminate the necessity of operating:
A. Cost ledger control account *
B. Stores ledger controla account
C. Both A and B
D. Overhead adjustment account
1789. Which of the following items is not included in cost accounts ?
A. Interest received on bank deposits
B. Debenture interest
C. Damagaes payable at law
D. Divident paid on share capital
E. All of the above
1790. Which of the following items is included in cost accounts ?
A. Transfer to general reserve
B. Charitable donation
C. Notional rent *