The Accounting Review Vol. 24 No. 1 1949
PROFESSIONAL EXAMINATIONS.
Abstract
The article presents problems that are prepared by the Board of Examiners of the American Institute of Accountants and were presented as the first half of the C.P.A. examination in accounting practice in November, 1948. The candidates were required to solve all problems. One of the question is that the Waverly Manufacturing Company has decided to change its method of distributing factory burden to its products, all of which are manufactured on special order. An appropriate departmental rates, based on the company's operations for the first half of 1948 is to be developed and to illustrate their use by determining the cost of Job Order No. 987 by applying the rates you develop. Another question is that monthly cash budget for AB Trading Company for the three months ending March 31, 1949. AD Trading Company purchases merchandise on terms of 2/10, n/60, and regularly takes discounts on the tenth day after the invoice date. It may be assumed that onethird of the purchases of any month are due for discount and are paid for in the following month is to be prepared from the information given.
- DOI
- 10.2308/tar-7063581
- Volume
- 24
- Issue
- 1
- Pages
- 97-103
- Language
- en
- Sources
- openalex crossref