A. Profit and loss account as brought forward figure B. Closing balance sheet as carried forward figure C. Closing balance…
N Stock at branch 1st January at cost 400 Goods sent to branch at cost 8000 Returns to head office…
A. Goods are sold at specific prices B. goods are perishable C. goods attract different gross profit percentage D. to…
A. Promote mutual understanding B. Enhance mistrust C. Encourage discrepancy D. Control funds Correct Answer: Option A - Promote mutual…
A. Cost price B. new price C. invoice price D. normal price Correct Answer: Option C - invoice price Explanation…
Balance as par overdraft of the cashbook is ₦4000, the uncredited cheque is ₦2300, bank charges ₦300, unpresented cheque ₦5000.…
A. Formation B. dissolution C. winding up D. termination Correct Answer: Option B - dissolution Explanation It is the first…
Use the information below to answer the question. N Stock at branch 1st January at cost 400 Goods sent to…
A. cost-based transfer price B. market-based transfer pricing C. Dual pricing system D. peak pricing Correct Answer: Option D -…
A. Price above or below the stipulated price B. Any price but not below the transfer price C. Cost price…