What Would Be the Balance of the Following Account If

question 22

Multiple Choice

What would be the balance of the following account if balanced on 30th January?
Thunderstruck Ltd

• A) £445 Credit
• B) £445 Debit
• C) £260 Credit
• D) £260 Debit

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Definitions:

Total Expenses

The sum of all costs and expenses incurred by a business during a specific period, including operating and non-operating expenses.

Budgeting

The process of creating a plan to spend your money, allocating estimated income towards expense categories.

Activity Variance

The difference between the budgeted or planned level of activity or production and the actual level achieved.

Direct Labor

The labor costs directly attributed to the production of goods or services, such as wages paid to assembly line workers.