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A set of rules and procedures guiding the operations of a partnership is called partnership?

A. code B. business C. seal D. deed Correct Answer: Option D - deed Explanation Partnership deed is a document…

3 years ago

Stock turnover ratio is?

Use the following information to answer below GH⊄ Sales 200000 Purchase 170000 Opening stock 40000 Closing stock 50000   A.…

3 years ago

The gross profit percentage is?

Use the following information to answer below GH⊄ Sales 200000 Purchase 170000 Opening stock 40000 Closing stock 50000   A.…

3 years ago

The profit or loss on disposal of the machine was?

Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January…

3 years ago

The net book value of the machine in the balance sheet as at 31st December 2020 was?

Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January…

3 years ago

The accumulated depreciation as at the date of disposal was?

Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January…

3 years ago

One of the items on the debit side of sales ledger control account is?

A. bad debt B. returns inwards C. bills dishonored by debtors D. bills accepted by debtors Correct Answer: Option C…

3 years ago

The GH⊄ 4000 on the credit side is?

Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…

3 years ago

The gross profit is _______?

Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…

3 years ago

The cost of goods sold is?

Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…

3 years ago