← SetsAccounting Principles — Set 7
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Accounting Principles Practice Questions — Set 7
10 free Accounting Principles reviewer questions with answers and explanations. Pindutin ang sagot mo para makita agad kung tama — kasama na ang paliwanag. Set 7 of 10.
61
Beginning inventory is 50 units @ ₱100, purchases 100 units @ ₱120, sold 80 units. What is weighted average COGS?
62
Which method provides the best matching of physical flow for unique items?
63
During inflation, which method results in the highest ending inventory value?
64
What is the formula for Cost of Goods Sold?
65
Lower of Cost or Net Realizable Value rule is an application of which principle?
66
What is an accrued expense?
67
Prepaid insurance is classified as:
68
What adjusting entry is needed for ₱80,000 of salaries earned by employees but not yet paid at year-end?
69
Which is an example of deferred revenue?
70