Accounting

How much is the total receipt of the club?

MPOBA Club's annual donations from members amount to 112% of its internally generated revenue from the following. Sales of drinks...................N212…

5 years ago

Calculate the subscription in the income and expenditure account?

Given: Subscriptions received.........N200 000 Subscriptions owed.............N10 000 Subscriptions in advance.......N25 000 A. N200 000 B. N235 000 C. N185 000…

5 years ago

The profit for the period is?

Given: ....................January.............December Assets................N28,320.............N25,320 Creditors.............N5,620..............N10,320 The proprietor made drawings of N755 per month for personal use. A. N3000 B. N1,360 C.…

5 years ago

When goodwill is not retained in the business; the entries in the new partners’ book will be to debit?

A. good account and credit partners' capital account B. partners' capital account and credit goodwill account C. cash account and…

5 years ago

Interest on the drawings of partners is treated in the?

Use the information below to answer question . Prime cost..................N12 100 lighting....................N10 000 Heating.....................N15 000 Factory overhead............? The production department…

5 years ago

The factory overhead is?

Use the information below to answer question . Prime cost..................N12 100 lighting....................N10 000 Heating.....................N15 000 Factory overhead............? The production department…

5 years ago

From the data below; determine the cost of goods credited to the head office trading account.

Stock 1/1/2002..................................N40 000 Goods received from head office.................N800 000 Goods returned to head office...................N34 000 Sales...........................................N916000 Stock 31/12/2000................................N72 000  …

5 years ago

Find the total expenses allocated to the stationary department?

Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............N10,600.....................N15,175 Cost of goods sold..N5,247......................N6704 The expenses incurred…

5 years ago

Determine the net profit of the business?

Use the information below were to answer questions ...................Stationary Dept.............Video Dept. Sales ..............N10,600.....................N15,175 Cost of goods sold..N5,247......................N6704 The expenses incurred…

5 years ago