A service which a firm has enjoyed, but has not yet been paid for is?
A. accrued expense B. preliminary expense C. prepaid expense D. overhead expense Correct Answer: Option A A. accrued expenseA motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net profit or loss on the sale was?
A. D 40,000 profit B. D 4,000 profit C. D 4,000 loss D. D 40,000 loss Correct Answer: Option C C. D 4,000 lossCredit sales was debited to A. Akpan instead of B. Akpan. This is an error of?
A. principle B. original entry C. omission D. commission Correct Answer: Option D D. commissionThe petty cash book has?
A. a debit balance only B. a credit balance only C. a nill balance only D. both debit and credit balances Correct Answer: Option D D. both debit and credit balancesProducts
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Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Co-Ownership Structures and Land Acquisition Methods in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Rights in Community Land and Fundamental Land Concepts in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Customary Land Control and the Origins of Nigeria's Land Use Act
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.
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Land Ownership Principles and Transaction Laws in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.