Which of the Following Accounts Is Least Likely to Have

question 10

Multiple Choice

Which of the following accounts is least likely to have its balance change on the worksheet?

• A)Salaries Payable.
• B)Supplies.
• C)Accumulated Depreciation.
• D)Sharer Capital-ordinary.

Understand the basic principles of inventory costing methods such as FIFO (First In, First Out).

Grasp the implications of variable and absorption costing on financial statements and decision making.

Comprehend the effects of production and sales levels on a company’s profits under different costing methods.

Recognize the impact of fixed and variable costs in cost accounting.

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A shared objective or aim that unites individuals or groups in efforts to achieve a specific outcome.

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Portable electronic devices used for communication, internet access, and various applications.

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The efficiency and effectiveness of productive efforts, measured by the output produced relative to the input used.

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The act of sending and receiving messages through mobile devices using short message service (SMS) or other messaging apps.