Scrap and Byproducts Accounting MCQs Quiz Online PDF Download

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MCQs on Scrap and Byproducts AccountingQuiz PDF Download

MCQ: As compared to sale value of main products, by-products have

  1. low sale value
  2. high sale value
  3. unstable sale value
  4. relevant sale value

A

MCQ: Aspects of accounting for scrap includes

  1. physical tracking
  2. non-inventoriable costing
  3. inventory costing
  4. both a and c

D

MCQ: Costing, which explains how and when scrap affects operating income of company is classified as

  1. inventory costing
  2. conversion costing
  3. normal scrap costing
  4. abnormal scrap costing

A