Ming Limited Had the Following Items of Inventory at Reporting

question 13

Multiple Choice

Ming Limited had the following items of inventory at reporting date: $\begin{array} { l c c c } \text { Item } & \text { Quantity } & \text { Cost/unit } & \text { NRV/unit } \\& & £ & £ \\\text { Refrigerators } & 10 & 100 & 95 \\\text { Stoves } & 20 & 80 & 85\end{array}$
The adjustment necessary at reporting date is:

• A) DR Inventory £50;
• B) DR Inventory £100;
• C) CR Inventory £50;
• D) CR Inventory £0.

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Definitions:

Draw-A-Woman

A projective psychological test used to evaluate children's intellectual maturity and emotional well-being based on their drawings of a woman.

Projective Personality

A type of personality test in which individuals respond to ambiguous stimuli, revealing hidden emotions, desires, and conflicts.

Objective Personality

A method of assessing personality that relies on standardized, measurable tests free from subjective interpretation by the examiner.

Draw-A-Man

A projective psychological test where individuals are asked to draw a human figure, often used to assess personality traits and cognitive development.