Mamsa Nigeria Limited issued 20 000 ordinary shares of N1.50 per share on 2nd July 2002. 1500 ordinary shares were…
A. branch expense account and credited to branch debtors' account B. branch stock account account and credited to the goods…
A. preference share capital, cash and allotment accounts B. bank and ordinary share capital accounts C. cash and ordinary share…
Goods from head office................N13,400 Returns to head office ...............N118 Rates and insurance paid .............N188 Wages paid ...........................N913 Cash remitted to…
Goods from head office................N13,400 Returns to head office ...............N118 Rates and insurance paid .............N188 Wages paid ...........................N913 Cash remitted to…
Given: (i) the consolidated revenue fund balance b/d ..... N650 000 (ii) issue from contingency fund amount to .............N240 000…
For the purpose of conversion of a partnership to a company, a total purchase consideration of N3.6m was paid. If…
A. Provisional general warrant B. Development fund general warrant C. Reserved expenditure general warrant D. Supplementary warrant Correct Answer: Option…
Given: Total debtors b/d 31/12/99...............N25 000 Cheques received from debtors ...........N255 000 Total debtors c/d 31/12/00...............N15 000 A. N295 000…
A. income and expenditure B. cash book C. balance sheet D. profit and loss Correct Answer: Option B - cash…