What is the receipts and payment account balance?

What is N’s share of the expense?

A company has departments M and N. The expenses incurred wholly in M is N5000. General expenses incurred amount toN25000. Expenses are apportioned in the ratio 2:3 for departments M and N respectively. A. N10 000 B. N15 000 C. N18 000 D. N20 000 Correct Answer: Option...
What is the receipts and payment account balance?

The overhead cost is?

………..PQ Manufacturing Company Raw materials (1/11/2001)………..N3 500 Raw materials (31/12/2001)……….N4 900 Purchase of raw materials………..N56 000 Salary...
What is the receipts and payment account balance?

What is the overpaid portion of the rent?

During the year ended 31st December 2001, Nuju Enterprises paid rent as follows: Jan. 20, N24 000 for a period of 4 months. May. 16, N30 000 for a period of 5 months. Oct. 15, N36 000 for a period of 6 months. A. N36 000 B. N18 000 C. N12 000 D. N6 000 Correct Answer:...

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