Accounting

Calculate the total figure for the receipt and payments account?

Use the information below to answer questions. Entrance fees.........................N1200 Subscriptions (including N850 arrears). N4310 Donations received....................N1500 Proceeds from sales...................N2300 Total…

5 years ago

What is the amount of rent that should be allocated to Y?

A company has departments X, Y and Z. Department X occupies a space of Y while Z occupies half the…

5 years ago

Which of the following is true of Uju Nig. Ltd?

A. It is a highly geared company B. It has no liquidity problem in the short term C. It is…

5 years ago

The debit ratio is approximately?

A. 43% B. 42% C. 41% D. 23% Correct Answer: Option D - 23%

5 years ago

Determine the closing stock?

Use the information below to answer this question. Trading Account (Extract) ...................................N.....................................N...... Opening stock...19500........Sales............96 000. Add purchases...68700................................. ...............................88200................................. Less closing…

5 years ago

What are the stages involved in the formation of a company are from the information below?

Given: I. Ascertainment of the particulars of the proposed company II. Preparation of the incorporation documents III. Filling of the…

5 years ago

What is the gross profit?

Use the information below to answer this question. Trading Account (Extract) ...................................N.....................................N...... Opening stock...19500........Sales............96 000. Add purchases...68700................................. ...............................88200................................. Less closing…

5 years ago

What was the balance of the nu-credited cheques?

Given that the balance as per cash book after adjustment was N6315, nu-presented cheques N1000 and the bank statement balance…

5 years ago