Answers S. Sule sets aside from his private funds ₦20.000 is referred to as S. Sule sets aside from his private funds ₦20.000 is referred to as A. drawings B. capital C.… Read More
Answers An article cost N1,800 and is sold at a gross profit of 20% on selling… An article cost N1,800 and is sold at a gross profit of 20% on selling price. What is… Read More
Answers Which of the following is not part of the double entry system? Which of the following is not part of the double entry system? A. trading account B. proffit and… Read More
Answers In the balance sheet, the balance on the provision for Depreciation Account shown as In the balance sheet, the balance on the provision for Depreciation Account shown as A. addition to fixed… Read More
Answers A service which a firm has enjoyed, but has not yet been paid for is A service which a firm has enjoyed, but has not yet been paid for is A. accured expense… Read More
Answers A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance… A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years… Read More
Answers The petty cash book has The petty cash book has A. a debit balance only B. a credit balance only C. a nill… Read More
Answers The authorized capital of city entertainment company is made up of 200,000 2(frac{1}{2})% preference shares… The authorized capital of city entertainment company is made up of 200,000 2(frac{1}{2})% preference shares of Le 60… Read More
Answers Programs installed in computers to facilitate processing of data are Programs installed in computers to facilitate processing of data are A. hardwares B. software C. magnetic tapes D.… Read More
Answers In a not for profit making organization, the excess of income over expenditure is In a not for profit making organization, the excess of income over expenditure is A. added to capital… Read More