by Sunday | Aug 17 | Accounting WAEC
An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on a straight-line method. It was a straight-line method. it was sold on 30th June 1994 for N15,750. The net book value of the equipment at the time sale was...
by Sunday | Aug 17 | Accounting WAEC
An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on a straight-line method. It was a straight-line method. it was sold on 30th June 1994 for N15,750. In the year of the sale, profit was A. reduced by N15,750...
by Sunday | Aug 17 | Accounting WAEC
A. sales day book B. trading account C. profit and loss account D. purchases day book E. Mr. B’s Account Correct Answer: Option A – sales day book
by Sunday | Aug 17 | Accounting WAEC
An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on a straight-line method. It was a straight-line method. it was sold on 30th June 1994 for N15,750. Its accumulated depreciation provision at the time of...
by Sunday | Aug 17 | Accounting WAEC
A. Current asset B. liability C. capital D. fixed asset E. investment Correct Answer: Option A – Current asset