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An instrument which allows public officers to increase expenditure within a year is
Accountant-general of the federation is responsible for
The debenture issued at par above the nominal value is said to be issued at a
The issued share capital is the number of shares that are
Given:
Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;
On application 46k
On allotment 20k
1st Call 15k
2nd Call 19k
How much is to be paid for application?
Which of the following is the capital reserve of a company
The objective of departmental account is to
Department K Y
Opening stock #2,500 #800
Purchases #120,000 #100,000
Sales #180,000 #200,000
Salaries #8,000 #30,000
Closing stock #3,000 #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.
What is the net profit of Y?
Department K Y
Opening stock #2,500 #800
Purchases #120,000 #100,000
Sales #180,000 #200,000
Salaries #8,000 #30,000
Closing stock #3,000 #1,500
Rate expenses of #1,500 are apportioned in the ratio 1:2.
The gross profit for K is
The purchase consideration that is lower than the net asset implies that, the buyer has gained the advantage of
When a share valued at 50k is issued at #1.59, it is said to be issued at
In a partnership account, interest on drawings is
A partnership's internal regulations are set out by
The amount paid by a new partner on admission as a compensation for the reputation built up by old partners is a
i. Direct materials
ii.Direct labour
iii.Direct expenses
iv. Factory expenses
Prime cost consist of
Which of the following expenses relates to the profit and loss account of a manufacturing firm