Use the following information to answer this question An asset was bought on 1st January, 1992 for N20,000. Depreciation was…
A. conversion cost B. cost of raw materials consumed C. total cost D. production cost E. cost of work in…
Use the following information to answer this question An asset was bought on 1st January, 1992 for N20,000. Depreciation was…
A. Machinery B. Debtors C. Creditors D. Salaries E. Goodwill Correct Answer: Option D - Goodwill
A. a new partner is admitted B. a partner is dormant C. the business is making huge profit D. the…
A. salaries B. rent income C. debenture interest D. director's remuneration E. dividend Correct Answer: Option E - dividend
A. net profit B. surplus C. cash in hand D. gross profit E. net loss Correct Answer: Option C -…
A. beds B. theatre equipment C. incubators D. x-ray machine E. drugs Correct Answer: Option E - drugs
A. cash sales of stock B. credit sales of stock C. cash and credit sales of stock D. cash sales…
A. current asset B. fixed asset C. current liability D. accumulated fund E. goodwill Correct Answer: Option C - current…