Purchase:..Raw materials.................N15 000 Finished goods...........................N11 400 Stock:....(1/7/01)Raw materials..........N2 250 Work-in-progress.........................N1 875 Wages:.....Direct........................N17 100 Indirect.................................N5 400 Stock:.....(30/06/02)Raw materials.......N3 000 Work-in-progress.........................N3 375…
Subscription.....................N5420 Canopy rent......................N400 Wages............................N1100 Post-ages........................N300 loss from bar....................N160 Purchases of new furniture.......N120 Premises.........................N4000 Furniture at the beginning.......N1120 A. N2 520…
Purchase:..Raw materials.................N15 000 Finished goods...........................N11 400 Stock:....(1/7/01)Raw materials..........N2 250 Work-in-progress.........................N1 875 Wages:.....Direct........................N17 100 Indirect.................................N5 400 Stock:.....(30/06/02)Raw materials.......N3 000 Work-in-progress.........................N3 375…
Purchase:..Raw materials.................N15 000 Finished goods...........................N11 400 Stock:....(1/7/01)Raw materials..........N2 250 Work-in-progress.........................N1 875 Wages:.....Direct........................N17 100 Indirect.................................N5 400 Stock:.....(30/06/02)Raw materials.......N3 000 Work-in-progress.........................N3 375…
Direct labour...................N50 000 Beginning work-in-progress......N4 000 Raw materials used..............N18 000 Indirect labour.................N4 000 Ending finished goods...........N16 000 Ending work-in-progress.........N9 000…
A. discount allowed, bad debts and purchases B. dishonoured cheques, returns inwards and sales C. returns outwards, bad debts outewards…
Direct labour...................N50 000 Beginning work-in-progress......N4 000 Raw materials used..............N18 000 Indirect labour.................N4 000 Ending finished goods...........N16 000 Ending work-in-progress.........N9 000…
A. cost of work-in-progress B. cost of finished goods C. labour D. rent Correct Answer: Option A - cost of…
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock.......................N4 880 Furniture...................N9 60 Building....................N5 500 Debtor......................N1 750 Creditors...................N2 150 A.…
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock.......................N4 880 Furniture...................N9 60 Building....................N5 500 Debtor......................N1 750 Creditors...................N2 150 A.…