A class of preference shares in which dividend rights are carried forward is
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2004
The excess of current assets over current liabilities is
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2004
Goodwill is taken into account in partnership when
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2004
When partners maintain fixed capital accounts, the correct entries for a partner's share of profit is
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2004
When discount is allowed, the accounting entry is debit Discount allowed and credit
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2004
Which of the following is not correct?
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2004
Which of the following is not a debit item in the partnership profit and loss appropriation account?
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2004
Use the following to answer the given question:\( \begin{array}{c|c} \text{Purchases} & 2,000\\ \text{Opening stock} & 900\\ \text{Closing stock} & 300 \\ \text{Sales} & 3,850\end{array}\)The cost of good…
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2004
Use the following to answer the given question:\( \begin{array}{c|c} \text{Purchases} & 2,000\\ \text{Opening stock} & 900\\ \text{Closing stock} & 300 \\ \text{Sales} & 3,850\end{array}\)Gross profit is
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2004
The accounting concept which allows the use of a particular method for treating a transaction for a reasonable number of years is
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2004
a decrease in the provision for doubtful debts result in
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2004
The balance on the sales ledger control Account at the end if the accounting year represents total
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2004
Net debtors is
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2004
Which of the following is correct about cost of goods sold?
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2004
The amount set aside out of profit for a specific purpose is
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2004
Which of the following terms describes the provision made for the loss in the value of an asset that has a legal life span?
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2004
Use the following information to answer the question:\(\begin{array}{c|c} \text{Unpresented cheques} & N85,305 \\ \text{Balance as per bank statement} & N206,865 \\ \text{Balance as per cash book} & N144,495\…
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2004
Use the following information to answer the question:\(\begin{array}{c|c} \text{prepared} & \text{1/01/2003} & N600.00\\ \text{Rent paid} & \text{31/12/2003} & N3,000.00\\ \text{Rent prepaid} & \text{…
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2004
The total of the purchases day book is posted to the purchases account in the
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2004
Which of the following items is not shown in the Trial Balance