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Cash outflow on purchases is calculated by

A. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P

B. Purchases + Opening Creditors - Closing Creditors + Closing B/P

C. Purchases - Opening Creditors - Opening B/P + Closing Creditors + Closing B/P

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above