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Browsing Category

Answers

44896 posts
  • Answers

Which of the following is an example of factory overheads?

Which of the following is an example of factory overheads? A. salary of marketing officer B. salary of…
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Capital receipt is collected

Capital receipt is collected A. on sales of motor vehicle B. on sales of stock in trade C.…
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The addition of prime cost and factory overhead is

The addition of prime cost and factory overhead is A. total factory overheads B. market value of goods…
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Which of the following is a trading account item?

Which of the following is a trading account item? A. discount allowed B. discount recieved C. carriage outwards…
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The process of entering transaction from one book to another is

The process of entering transaction from one book to another is A. reading B. posting C. numbering D.…
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A balance sheet shows only

A balance sheet shows only A. fixed assets and current assets B. assets and long term liabilities C.…
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A fixed assets fully written-down by a trader is now considered to be worth ₦5,000….

A fixed assets fully written-down by a trader is now considered to be worth ₦5,000. The double entry…
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Which of the following is a book of ordinary entry?

Which of the following is a book of ordinary entry? A. ledger B. balance sheet C. bank statement…
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Which of the following is not a source document?

Which of the following is not a source document? A. journal paper B. sales invoice C. debit note…
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Trade discounts are given for

Trade discounts are given for A. bulk purchases B. prompt payment C. quick delivery D. cash payment Correct…
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