When manufactured goods are transferred to the trading account at the market price, the difference is credited to the
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2024
Peripherals are used in computer to describe
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A person who prepares, analyses and interprets financial statements is known as a/an
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Ordinary shares are also known as
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The reward given to debenture holder is
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Which of the following is a subsidiary book as well as a ledger?
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A method that is beneficial for tax purposes in inflationary times is?
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Which of the following is a written acknowledgement of a loan to a company?
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Which of the following bodies regulates accounting practices in Nigeria?
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2024
#
Stock 1/1/09: Raw materials
20000
Work-in-progress
5000
Stock 31/12/09: Raw materials
500
Work in progress
4000
Raw materials purchased
18000
Direct labour
7500
Direct expenses
3000
Fact…
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2024
#
Stock 1/1/09: Raw materials
2000
Work-in-progress
5000
Stock 31/12/09: Raw materials
500
Work-in-progress
4000
Raw materials purchased
18000
Direct labour
7500
Direct expenses
3000…
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2024
The ledger containing the accounts of debtors and creditors is
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The chief accounting officer of the Federation is
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The basic accounting equation is
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The amount paid by the buyer of a business which is sold as going concern is
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2024
Prime cost consist of direct material and ___ cost
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The net worth of a business is the
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2024
A list of all debit and credit balances from the ledger accounts are made in the
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2024
When shares are over-subscribed, directors may decide to scale down the number of shareholding by alloting shares at ___
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Issue of prospectus is an invitation to the Public to