Use the information below to answer the question that follows, A machine bought for N35,000 was estimated to have a…
A. Saka's account and credit discount received account B. Alaka's account and credit discount received account C. Discount received account…
A. book keeping interprets data, accounting records it B. book keeping is regarded as the language of the business accounting…
A. Administrative overhead B. Direct labour C. Direct materials D. Work-in-progress Correct Answer: Option A - Administrative overhead Explanation Administrative…
A. ascertain the amount of profits or losses for the enterprise B. ascertain the amount of profits or losses for…
A. ascertain the contribution of each department to the organization B. ascertain interdepartmental transfer C. build other branches D. know…
A. virement B. financial regulations C. supplementary estimate D. warrant Correct Answer: Option C - supplementary estimate Explanation supplementary estimates…
A. capital reserve B. revenue reserve C. net income D. net loss Correct Answer: Option A - capital reserve Explanation…
A. Accrued expenses on annual dances B. Subscriptions due but not yet received C. interest on bank deposit D. Depreciation…
Sundry debtors in the balance sheet of Onoja Bakery and Sons totaled #800,000. A provision for bad and doubtful debts.…