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Subject - Accounting:

Financial Accounting

MCQ - 154-156

Question:

In cost of goods sold statement, the ‘cost of material consumed’ is equal to:

  1. Opening raw material stock+ Purchases – Ending raw material stock
  2. Opening raw material stock- Purchases + Ending raw material stock
  3. Ending raw material stock+ Opening stock - Purchases
  4. Opening raw material stock- Purchases + Ending raw material stock

Correct Answer: A

Explanation:

Not required

Record Performance

355 MCQ for effective preparation of the test of Financial Accounting of Accounting section.

Read the MCQ statement: In cost of goods sold statement, the ‘cost of material consumed’ is equal to: , keenly and apply the method you have learn through the video lessons for Financial Accounting to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 154-156.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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