Use the following information to answer questions below
Trading Account of Umeh Enterprises for the year ended 31st December 2019GH⊄GH⊄Opening stock10000Sales200000Purchases120000Less:(4000)130000196000Closing stock(2280…
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2022
The entries for cash drawn from the bank by a proprietor for the private use is: debit
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2022
An item that would be considered a first charge against profit in a company's account is
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2022
Use the following information to answer questions belowLeRaw materials:Stock (01/01/2017)822000Stock (31/12/2017)560000Purchases125000Returns of raw materials15000
The cost of raw materials consumed is
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2022
Use the following information to answer questions belowLeRaw materials:Stock (01/01/2017)822000Stock (31/12/2017)560000Purchases125000Returns of raw materials15000
The cost of raw materials available for production is
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2022
The principal book of account where accounts are classified and summarized is
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2022
Books of accounts are opened by the use of
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2022
The authority to incur expenditure to address natural disaster is contained in
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2022
In the balance sheet of not-for-profit making organizations, subscription in arrears is shown under
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2022
The maximum amount a company can raise through the issue of shares is
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2022
Use the following information to answer questions below
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The prof…
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2022
Use the following information to answer questions below
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The prof…
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2022
Use the following information to answer questions below
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on the basis of their capital. The prof…
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2022
The document prepared by the buyer and sent to the seller listing the items to be supplied is
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2022
Drawings made by a partner would be
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2022
Adiza gave an instruction to her banker to pay a premium of Le 30,000 from her account to Union Rock Insurance on a quarterly basis for a policy. This instruction is an example of
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2022
Manufacturing account is prepared to ascertain
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2022
The accounting concept which states that expenditure involving insignificant amounts should be regarded as expenses and not assets is
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2022
Provision for doubtful debts is made in conformity with
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2022
Use the following information to answer questions below$Cash book balance (credit)750Uncredited cheques500Unpresented cheques1680Direct credit300Bank charges150
Balance as per bank statement is