Use the following to answer the given question:BALANCE SHEET:\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary share capital} & 100,000 & \text{Plant and Machinery} & 60,000 \\ \text{6% pref…
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1994
Use the following to answer the given question:BALANCE SHEET:\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary share capital} & 100,000 & \text{Plant and Machinery} & 60,000 \\ \text{6% pref…
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1994
Use the following to answer the given question:BALANCE SHEET:\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary share capital} & 100,000 & \text{Plant and Machinery} & 60,000 \\ \text{6% pref…
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1994
Use the following to answer the given question:BALANCE SHEET:\(\begin{array}{c|c} & N & & N \\ \hline \text{Ordinary share capital} & 100,000 & \text{Plant and Machinery} & 60,000 \\ \text{6% pref…
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1994
Use the following to answer the given question:\(\begin{array}{c|c} & N & & N \\ \hline \text{Opening stock} & 1,200 & sales & 29,000 \\ Purchases & ? & \text{Less sales returns } & 50…
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1994
Use the following to answer the given question:\(\begin{array}{c|c} & N & & N \\ \hline \text{Opening stock} & 1,200 & sales & 29,000 \\ Purchases & ? & \text{Less sales returns } & 50…
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1994
Use the following to answer the given question:\(\begin{array}{c|c} & N & & N \\ \hline \text{Opening stock} & 1,200 & sales & 29,000 \\ Purchases & ? & \text{Less sales returns } & 50…
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1994
Deferred charges are also known as
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1994
Fixed assets include
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1994
A machine bought for ₦7,000 was estimated to have a useful life of 4 years and a scrap value of ₦500. What is the Net book value of the machine at the end of the second year, Using the straight line method
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1994
A machine bought for ₦7,000 was estimated to have a useful life of 4 years and a scrap value of ₦500, Using the reducing balance method, what is the amount of depreciation for the second year?
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1994
A machine bought for ₦7,000 was estimated to have a useful life of 4 years and a scrap value of ₦500. Using the straight line method, what was the amount of depreciation charged per annum?
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1994
Patent and Trade mark are classified under
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1994
John brought in an additional plant into his business. What are the accounting entries necessary to reflect the transaction?
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1994
Goods purchased for ₦92 was entered in the books as ₦29. This is an error of
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1994
A typewriter for office use sold for ₦5,000 was posted to sales account. This is an error of a
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1994
Purchase of goods for ₦1,000 from chukwu had been entered in Cukwura's account. This is an error of
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1994
Sale of goods for ₦500 to Eddy was not posted. This is an error of
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1994
Drawing appear on the
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1994
Which of the following is not a profit and loss appropriation account item?