Fixed Deposit A/C
Deposit Pension Scheme
LIFO cost of goods sold will be same as in a periodic inventory system .
A verage cost are based entirely on unit cost averages.
A new average is computed under the average cost method after each sale .
FIFO cost of goods sold will be the same as in a periodic inventory system .
6. The following data are available for Allen Clapp Corporation. Net income TA 200,000 Depreciation expensive TA. 40,000 Dividend paid TA. 60,000 Gain on sale of land TA. 10,000. Decrease in accounts received A. 20,000, Decrease in accounts payable TA. 30,000. Net cash provided by operating activities is:
Payment of the cheque
Drawing of the cheque
Cancellation of the cheque
Dishonour of the cheque
calls in Advance
Provision for Bad Debts
Liabilities undr pending Law suit
Discount on Debenture
Principle of Unity of Direction
Principle of Division of Labor
Principle of Chain of Command
Principle of Equity