Use the following information to answer the given question, # Purchase price of equipment 60,000 Freight and installation cost 10,000…
Use the following information to answer the given question, # Purchase price of equipment 60,000 Freight and installation cost 10,000…
A. N80,000 B. N75,000 C. N55,000 D. N35,000 Correct Answer: Option B B. N75,000
A. N360,000 B. N200,000 C. N160,000 D. N40,000 Correct Answer: Option B B. N200,000
A. subvention B. budgett C. deposit D. estimates Correct Answer: Option A A. subvention
A. profit B. accrual C. expenditure D. cash Correct Answer: Option D D. cash
A. adds or contributes to the operating income of the business B. reduces the capital of the business C. necessitates…
A. shares B. interest C. asset D. property Correct Answer: Option A A. shares
A. conversion fee B. premium C. sales consideration D. purchases consideration Correct Answer: Option D D. purchases consideration
A. a ledger entry B. an accounting entry C. a folio entry D. a contra entry Correct Answer: Option D…