Use the information below to answer questions 29 and 30.Work-in-progress 1/1........................₦1,000Work-in-progress 31/12......................₦2,000Production cost of goods manufactured.......₦20,000Sales........…
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2009
The cost incurred by departments that support the production departments with such activities as maintenance, production control and storage are called?
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2009
Which of the following is an item in the debit side of the sales ledger control account?
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2009
Which of the following is a debit item in the purchases ledger control account.
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2009
Apart from the common control accounts, a control account can also be opened for?
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2009
Which of the following methods gives a conservative closing stock value during a period of rising prices?
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2009
What is the value of closing stock using simple average?
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2009
Use the information below to answer questions 20 and 21.Jan. 1 Received 1,000 units at ₦10 eachJan. 2 Received 2,000 units at ₦12 eachJan. 3 Issued 1,500 units Jan. 4 Received 1,000 units at ₦11 eachJan. 5 Issued 1,000 u…
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2009
Which of the following items are current assets?
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2009
What is the net working capital?
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2009
Use the information below to answer questions 17 and 18.Total current assets..................₦2,000Total fixed assets....................₦4,000Current liabilities...................₦1,200Drawings........................…
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2009
Given:Balance as per cash book...................₦20,000Unpresented cheques........................₦5, 200Direct credit to the bank..................₦1, 000Direct debit from the bank.................₦1, 000Credit in the…
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2009
Which of the should not be added or subtracted from the bank statement balance to determine the adjust cash balance?
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2009
The standing order is a payment instruction given by a?
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2009
Cash discount is often recorded on?
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2009
What is the balance of cash with the petty cashier at the end of period 1?
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2009
Use the information above to answer question 9 and 10.Period 1:........Cash to petty cashier.............₦1000........Petty cashier pays out............₦780Period 2:........Petty cashier pays out............₦840If the fl…