by Sunday | Dec 7 | Accounting JAMB
Subscription…………………N5420 Canopy rent………………….N400 Wages……………………….N1100...
by Sunday | Dec 7 | Accounting JAMB
Purchase:..Raw materials……………..N15 000 Finished goods………………………N11 400 Stock:….(1/7/01)Raw materials……….N2 250...
by Sunday | Dec 7 | Accounting JAMB
Purchase:..Raw materials……………..N15 000 Finished goods………………………N11 400 Stock:….(1/7/01)Raw materials……….N2 250...
by Sunday | Dec 7 | Accounting JAMB
Direct labour……………….N50 000 Beginning work-in-progress……N4 000 Raw materials used…………..N18 000 Indirect labour……………..N4 000 Ending finished...
by Sunday | Dec 7 | Accounting JAMB
A. discount allowed, bad debts and purchases B. dishonoured cheques, returns inwards and sales C. returns outwards, bad debts outewards and sales D. discount received, returns outwards and purchases Correct Answer: Option C – returns outwards, bad debts...
by Sunday | Dec 7 | Accounting JAMB
Direct labour……………….N50 000 Beginning work-in-progress……N4 000 Raw materials used…………..N18 000 Indirect labour……………..N4 000 Ending finished...