Given: Cost of raw materials issued to production.....N37000 Opening stock of raw material..................N2000 Purchases of raw material......................N3800 Wages .........................................N500 A.…
A. production, selling, distribution and material B. production, selling, distribution and administration C. selling, distribution and production and wages D.…
A. separate debtors from creditors B. determine the cost of stock at the end of business C. determine the cost…
A. debit side of the purchases ledger control account B. debit side of the sales ledger control account C. credit…
A. the profit and loss account and a credit to the provision for discount allowed B. provision for discount allowed…
Given: (i) Order of performance (ii) Order of liquidity (iii)Vertical order (iv) Horizontal order A. i and ii B. i…
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost ................N1950 000 Dec.31, Addition ............ N400 000 Credit:…
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost ................N1950 000 Dec.31, Addition ............ N400 000 Credit:…
Given: Capital ...........N1000 Liabilities........N500 Assets.............N1500 A. N1000 + N500 + N1500 = N3000 B. N1000 - N500 + N1500 =…
A. bookkeeping B. trial balancing C. ledger accounting D. final accounting Correct Answer: Option A - bookkeeping