Nagode (Nig.) Ltd. has three departments A, B and C. You are given the following Information:(i) Rent for the year - ₦3,000
(ii) Selling and distribution expenses - ₦1,800
(iii) Department\(\begin{array}{c|c} & Tu…
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1992
Nagode (Nig.) Ltd. has three departments A, B and C. You are given the following Information:(i) Rent for the year - ₦3,000
(ii) Selling and distribution expenses - ₦1,800
(iii) Department\(\begin{array}{c|c} & Tu…
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1992
Use the following information to answer the given question:Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990\(\begin{array}{c|c} \text{Opening…
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1992
Use the following information to answer the given question:Rufai, a vulcanize bought 4 machines for ₦20,200 and incurred the following expenses for the year ended 31st December, 1990\(\begin{array}{c|c} Glue & N2,100…
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1992
Use the following information to answer the given question:Rufai, a vulcanize bought 4 machines for ₦20,200 and incurred the following expenses for the year ended 31st December, 1990\(\begin{array}{c|c} Glue & N2,100…
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1992
Use the following information to answer the given question:\(\begin{array}{c|c} & Ade & Okon \\ & N & N \\ \hline \text{Fixed Capital} & 15,000 & 25,000 \\ \text{Salary per annum} & 6,000 &…
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1992
Which of the following is not on debtor's legal control account?
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1992
Which of the following is not a balance sheet item?
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1992
The excess of the par value of a company's shares over the amount for what for which they are issued to the public is called
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1992
Chukwu's Capital at 1/1/89 and 31/12/89 were ₦30,000 and ₦50,000 respectively. During the year he introduced additional capital of ₦10,500 and withdrew ₦5,300 for private use. What is his profit for 1989?
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1992
When provision is made for doubtful debt, the accounting entries are debit
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1992
The fixed amount of money set aside for pretty expenses is called
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1992
Materials are taken out of government unallocated store by means of
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1992
The Chief accounting officer of the Federation Republic of Nigeria is the
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1992
The assets of business can be classified broadly int
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1992
One of the advantages of control account is that
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1992
A private limited company is that which i. restricts the right to transfer its share. ii. has a minimum of seven members. iii. limits membership to fifty. iv. offers its shares for sale to the public
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1992
In a professional partnership, membership must be between
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1992
Impersonal real accounts include. i. expenditure on telephone ii. motor vehicles iii. expenses on telegram iv. land and buildings
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1992
Ajijola Enterprises bought 40 pairs of shoes at ₦45 each from Kabi Shoe Factory on credit. This transaction will first be recorded by Ajijola in the