Use the information to answer below to answer questions 7 and 8.I Operating machines Ii Furniture Iii Fixtures and fitting Iv Loan from friends V Creditors What are the current liabilities?
See more
2009
If Odukoya takes money out of business bank account for his own private use, the effect of the transaction is?
Musa, a prepaid customer of XYZ and KLM, bought ₦1500 recharge card from XYZ, and ₦2000 recharge recharge card from KLM, for business calls. The entry to record these transaction is debit?
See more
2009
The process of bookkeeping includes records produced from?
See more
2009
The accounting convention which states that the performance of a business should be determined by matching all expenses against revenues is?
See more
2009
Which of the following branches of accounting was first developed?
See more
2009
Use the information to answer the question...........................30/9/06.......30/9/07.................................N.............N.........Accrued insurance premium...600...........710.......Prepaid rent income..…
See more
2009
Adodo Enterprises and Loss Account (Extract) ₦ ₦Opening stock5,000Sales100,000Purchases00?00 00?00 Less closing stock5,600 Cost of goods sold00?00 Gross profit00?00 100,000 100,000If the opening stock is 5% of sal…
See more
2009
Adodo Enterprises and Loss Account (Extract) ₦ ₦Opening stock5,000Sales100,000Purchases00?00 00?00 Less closing stock5,600 Cost of goods sold00?00 Gross profit00?00 100,000 100,000If the gross profit margin is 10%…
See more
2009
Use the information to answer questions 334 and 35..........................Departments...........................P..........Q...........RSales value...............N?........₦23,400....N?Selling expenses..........₦1,100.…