Given:
Lankoh Company Ltd
₦
Stock 3,600,000
Cash at hand 800,000
Cash in bank 2,400,000
Debtors 580,000
Trade creditor…
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2021
Forlah, a stock broker bought stationery for₦12,000 by cash. To record this transaction, debit
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2021
Which of the followingis a debit item in the purchase ledger control account?
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2021
The interest on partner's loan is
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2021
The principle of double entry system ensures
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2021
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At the end of a financial period, the trading profit and loss account of a sole trader shows a profit of
₦180,000 it is however discovered that revenue of
₦15,000 is reco…
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2021
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At the end of a financial period, the trading profit and loss account of a sole trader shows a profit of
₦180,000 it is however discovered that revenue of
₦15,000 is reco…
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2021
The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of
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2021
If goods are sent to branch at 25% on cost, what will be the cost of goods sent to the branch at a selling price of₦100,000?
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2021
A source document is used for verifying the
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2021
Recurrent expenditures are expenses for the period not exceeding
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2021
The prime cost is the total of the
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2021
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Zahki Plc balance sheet (extract) as at 31st December 1997. ₦ ₦
Paid up capital 200,000 Fixed assets 300,000
Share pr…
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2021
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Zahki Plc balance sheet (extract) as at 31st December 1997. ₦ ₦
Paid up capital 200,000 Fixed assets 300,000
Share pr…
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2021
The corresponding entry of personal accounts found in the debit side of the cashbook is to
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2021
The two legally recognized professional accounting bodies in Nigeria are the
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2021
The formularfor calculating depreciation using straight line method is
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2021
The issued share capital is the number of shares that are
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2021
Given: i. The memorandum of association of the company ii. The article of association of the company iii. The incorporation documents.From the above, which of the following is delivered to the registrar of companies for…
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2021
The major objectives of departmental account is to ascertain the