Sales for the period is?
Use the following information to answer this question GH¢ Gross profit ———————-50,400 Discounts relieved ————-3,300 Discounts allowed ————–2,500 Net profit...
The major source of revenue for central/federal government is?
A. tenement rate B. excise duty C. market toll D. parking roll Correct Answer: Option B – excise duty
A business includes 50% mark-up on all its products. This would mean margin of
A. 66 2/3% B. 66 1/3% C. 33 2/3% D. 33 1/3% Correct Answer: Option D = 33 1/3%
The value of goods sent to a branch is debited to the?
A. goods sent to branch account B. branch debtors account C. branch adjustment account D. branch stock account Correct Answer: Option A – goods sent to branch account
The final stage of accounting process is
A. interpretation B. recording C. reporting D. summarizing Correct Answer: Option C – reportingProducts
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