Preliminary expenses of a limited liability company are?

What is his revenue receipt?

Use the following information to answer the given question Rufai, a vulcanize bought 4 machines for N20,200 and incurred the following expenses for the year ended 31st December, 1990. Glue N2,100 Thread N600 Kerosene N900 Rubber N558 Matched N110   He received...
Preliminary expenses of a limited liability company are?

What is his capital receipt?

Use the following information to answer the given question Rufai, a vulcanize bought 4 machines for N20,200 and incurred the following expenses for the year ended 31st December, 1990. Glue N2,100 Thread N600 Kerosene N900 Rubber N558 Matched N110   He received...
Preliminary expenses of a limited liability company are?

What is his revenue expenditure?

Use the following information to answer the given question Rufai, a vulcanize bought 4 machines for N20,200 and incurred the following expenses for the year ended 31st December, 1990. Glue N2,100 Thread N600 Kerosene N900 Rubber N558 Matched N110 He received N5,772...
Preliminary expenses of a limited liability company are?

What is Okon’s share of the profit?

Use the following information to answer the given question Ade N Okon N Fixed Capital 15,000 25,000 Salary per annum 6,000 8,000 Interest on capital per annum 8% 8% Profit or loss sharing ratio 40% 60%   net profit for the year ended 31st December 1990 is N28,000...

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