Accounting

Stock valuation is useful because it forms the sales department on the?

A. price of the competing goods B. prices that will affect profitability C. number of goods to produce D. number…

5 years ago

Calculate the share of local government W on equality?

 The federal government approved N140m to local governments W, X, Y and Z. The amount is to be shared on…

5 years ago

A pension granted to any past president or vice-president shall be charged to the?

A. consolidation revenue fund B. special pension fund C. contingency fund D. development fund Correct Answer: Option B - special…

5 years ago

The gross profit disclosed in the branch stock adjustment account represents?

A. head office profit B. unrealized profit C. estimated profit D. branch profit Correct Answer: Option D - branch profit

5 years ago

Find the salary charged to Zera product?

Use the information above to answer questions Lighting..................N2925 Rent......................N2640 Salary....................N4050 The expenses are for three different product: Zema, Zeta and…

5 years ago

The lighting charge to be apportioned to zema is?

Use the information above to answer questions Lighting..................N2925 Rent......................N2640 Salary....................N4050 The expenses are for three different product: Zema, Zeta and…

5 years ago

The amount of subscriptions accrued is reported in the balance sheet under?

A. fixed asset B. long-term liability C. current asset D. current liability Correct Answer: Option D - current liability

5 years ago

Suppose Takwa paid N30 000 for goodwill; this amount would be?

Osei and Yabo were in partnership sharing profits and losses in the ratio of 2:3. On admitting Takwa, the profit…

5 years ago

The receipt and payment account of a not-for-profit-making organization plays a similar role in a profit-making organization as?

A. a cash acount B. a balance sheet C. an income account D. an expenses account Correct Answer: Option B…

5 years ago

Determine the working capital?

Given: Shaku Company Ltd. Stock..........................N3600 000 Cash at hand...................N800 000 Cash at bank...................N2400 000 Debtors........................N580 000 Trade creditors................N920 000 Bank…

5 years ago