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which of the following affects the accuracy and authenticity of trial balance?
In government accounting , the method used which records on the basis of financial entity with self balancing books instead of entity of propietorship is?
The accounting entries used to record a cheque issued by a business is to?
The yearly depreciation using the straight line method would be
Mrs. Okoro who lives in the riverine community of Rivers State makes her living through crabbing and fishing. This type of occupation is?
If the scrap value is presently N15,000, what will be the yearly depreciation using the straight line method?
The total credit sales for a period can be extracted from the?
The major source of document which enables employer to calculate the employee wages is the?
Which of the following is not an inventory costing method?
Use the information below to answer the question.
Calculate the balance in the bank statement.
| ₦ | |
|
Balance as per cashbook |
13560 |
|
Unpresented cheques |
5120 |
|
Dividend received |
2000 |
|
Uncredited cheque |
2300 |
|
Bank charges |
280 |
|
Standing order |
600 |
|
Balance as per bank statement |
? |
To account for expenses paid by head office on behalf of the branch, the branch should___________
Tea and Cup are into a partnership business. Interests on drawings made by partners are at 10% per annum. Tea’s capital is ₦70000 and current balance is ₦50000. He withdrew the following amounts during the year : 3000 on 31st January , 2000 on 31st March, 4000 on 1st July, 1500 on the 30th September, 2500 on 1st November. Cup’s capital is ₦100000 and current balance is ₦40000. He made no drawings during the period. what is the closing balance in Tea’s current account
Which of the following is a conversion cost?
Cost of rent as an expense can be apportioned to all department on the basis of:
The rent expense for Trendy store is ₦3500. Trendy store has three departments; jewelry, hair dressing, and clothing. The floor spaces occupied by the departments are 3:2:5 respectively. What is the rent allocated to clothing department?
Why should a new partner contribute towards goodwill on his admission?
Departmentalization of accounts is useful because it shows the____________
Which of the following is a common cause of a discrepancy between head office and branch trial office________
Transfers from the head office to branches are best carried out at__________
Sule and Ahmed are in partnership sharing profit and losses equally. If Khadija is admitted as a new partner to take 1/5 th as her share. What is the new profit or loss sharing?