Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio…
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio…
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio…
A. Revenue reserve B. Capital reserves C. General reserves D. Loan capital Correct Answer: Option A A. Revenue reserve Explanation…
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corporation tax ₦2,500, Profit and loss ₦28,200, Interim…
Use the following to answer this question. Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share…
Use the following to answer this question. Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share…
A. profit and loss account B. trading account C. balance sheet D. wages account Correct Answer: Option A A. profit…
A. cash and credit transactions B. cash and credit accounts C. personal and private account D. personal and impersonal account…
A. it is easy to prepare the final account B. it increase assets C. has cash and bank column D.…