The following balances were extracted from the books of Onuoha, a trader on 31st December 2005
Audit fee
12000
General expenses
30000
Purchases
70000
Commission paid
30000
Stock (1 - 01 - 2005)
10000
Stock (…
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2024
The following balances were extracted from the books of Adama Ltd on 31st August 2007
#
Sales
200000
Drawings
10000
Land and building
70000
Furniture
10000
Debtors
50000
Creditors
35000…
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2024
The following balances were extracted from the books of Adama Ltd on 31st August 2007
#
Sales
200000
Drawings
10000
Land and building
70000
Furniture
10000
Debtors
50000
Creditors
35000…
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2024
The following balances were extracted from the books of Adama Ltd on 31st August 2007
#
Sales
200000
Drawings
10000
Land and building
70000
Furniture
10000
Debtors
50000
Creditors
35000…
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2024
The following balances were extracted from the books of Adama Ltd on 31st August 2007
#
Sales
200000
Drawings
10000
Land and building
70000
Furniture
10000
Debtors
50000
Creditors
35000…
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2024
The following balances was extracted from the books of Oluwalambe Ltd, manufacturer, on 31st December 2007
Stock of raw materials 1 - 1 - 2007
8000
Purchase of raw materials
450000
Stock of raw materials 31 -…
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2024
The following balances was exgtracted from the books of Oluwalambe Ltd, manufacturer, on 31st December 2007
Stock of raw materials 1 - 1 - 2007
8000
Purchase of raw materials
450000
Stock of raw materials 31 -…
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2024
The following balances was exgtracted from the books of Oluwalambe Ltd, manufacturer, on 31st December 2007
Stock of raw materials 1 - 1 - 2007
8000
Purchase of raw materials
450000
Stock of raw materials 31 -…
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2024
#
#
Debtors
2000
6000
Stock
1000
1300
Discount allowed
500
Cash received from debtors
10000
Sales for the year is
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2024
#
Stock 1/1/09
2200
Purchases
18000
Sales
27000
Salaries
1500
Rejection in doubtful debts
500
Office expenses
1100
Other expenses
1300
Stock 31/12/09
1000
The total expenses is
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2024
#
Stock 1/1/09
2200
Purchases
18000
Sales
27000
Salaries
1500
Rejection in doubtful debts
500
Office expenses
1100
Other expenses
1300
Stock 31/12/09
1000
The net profit is
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2024
#
Stock 1/1/09
2200
Purchases
18000
Sales
27000
Salaries
1500
Rejection in doubtful debts
500
Office expenses
1100
Other expenses
1300
Stock 31/12/09
1000
The cost of goods sold i…
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2024
The following extracts are made from the books of Agama Enterprises.
Motor van (cost)
120000
Life span
4 years
rate of Depreciation
40%
Method of depreciation used is Diminishing Balance The depreciation…
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2024
The following extracts are made from the books of Agama Enterprises.
Motor van (cost)
120000
Life span
4 years
rate of Depreciation
40%
Method of depreciation used is Diminishing Balance The scrap value o…
Ifedapo Local Council has the following details for 2008
#
Fines
5000
Allocation from state government
20000
Tenement rates
10000
Licences
12000
Hospital beds
8000
Ambulance
13000
Salaries…
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2024
Ifedapo Local Council has the following details for 2008
#
Fines
5000
Allocation from state government
20000
Tenement rates
10000
Licences
12000
Hospital beds
8000
Ambulance
13000
Salaries…
See more
2024
Ifedapo Local Council has the following details for 2008
#
Fines
5000
Allocation from state government
20000
Tenement rates
10000
Licences
12000
Hospital beds
8000
Ambulance
13000
Salaries…