A. Sule 1/3, Ahmad 1/3 and Khadija 1/3 B. Sule 1/5, Ahmad 15 and Khadija 3/5 C. Sule 2/5, Ahmad…
A. Debtors and cash in transit B. Creditors and cash in transit C. Stock and cash in transit D. Stock…
A. record charges in shareholdings B. record charges in liabilities C. check the excesses of customers D. check and monitor…
i. Space occupied by each department. ii. Average value of stock held by each department. iii. Departmental turnover. iv. Number…
Given: Furniture and fittings..................N20,000 Equipment...............................N15,000 Bank overdrafts.........................N6, 500 Bar creditors...........................N4,800 Subscription in arrears.................N4,700 Subscription in advance.................N650 A. 23,700 B.…
A. budget B. trading account C. cash book D. profit and loss account Correct Answer: Option C - cash book…
A. LIFO B. FIFO C. Simple average D. Periodic simple average Correct Answer: Option A - LIFO
A. Stock, bills receivable, cash and debtors B. Stock, bill payable, cash and debtors C. Stock, bad debt, bills receivable…
Use the information below to answer questions Total current assets..................N2,000 Total fixed assets....................N4,000 Current liabilities...................N1,200 Drawings..............................N200 Long-term loan........................N2,000 A.…
A. autonomous costs B. service costs C. supporting cost D. subsidiary costs Correct Answer: Option B - service costs Explanation…