by Sunday | Jan 10 | Accounting WAEC
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively. Extract from their books for the year ended is Interest on drawings and capital is allowed 5% respectively and profit for the...
by Sunday | Jan 10 | Accounting WAEC
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively. Extract from their books for the year ended is Interest on drawings and capital is allowed 5% respectively and profit for the...
by Sunday | Jan 8 | Accounting WAEC
Use the information below to answer this question. Ojo, Sam and Ade are in partnership sharing profit in the ratio 4 : 3 : 1 respectively. Extract from their books for the year ended is Interest on drawings and capital is allowed 5% respectively and profit for the...
by Sunday | Jan 8 | Accounting WAEC
A. Revenue reserve B. Capital reserves C. General reserves D. Loan capital Correct Answer: Option A A. Revenue reserve Explanation Retained profit is part of the profits of an organization not distributed as dividends but ploughed back into the business for...
by Sunday | Jan 8 | Accounting WAEC
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 ordinary dividend ₦4,050, Goodwill 20,50 provide for preference Dividend ₦2100 and Final ordinary Dividend of 5% and also...
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