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''Below the line'' item in public sector accounting means such an item is--------
The authority to incur expenditure in the public sector is-------------
Use the following information to amswer the question that follows
Ordinary share----------------------------------70,000
Retained earnings-----------------------------31,142
Motor vehicle at cost--------------------------21,136
Accumulated dep. - motor vehicle---------7,109
Furniture and fittings at cost----------------1,334
Accumulated dep. fur & fitts at cost-------1,007
Stock----------------------------------------------32,200
Debtors-------------------------------------------49,380
Bank-----------------------------------------------15,953
Creditors------------------------------------------11,329
Net book value of fixed assets is----
Use the following information to amswer the question that follows
Ordinary share----------------------------------70,000
Retained earnings-----------------------------31,142
Motor vehicle at cost--------------------------21,136
Accumulated dep. - motor vehicle---------7,109
Furniture and fittings at cost----------------1,334
Accumulated dep. fur & fitts at cost-------1,007
Stock----------------------------------------------32,200
Debtors-------------------------------------------49,380
Bank-----------------------------------------------15,953
Creditors------------------------------------------11,329
Equity holders fund is-------------
Under the cost method in branch accounting, branch gross profit is disclosed in the-------
The basis of apportionment of insurance on building in departmental accounts is--------
Interim dividend paid in the year is--------
The process of distributing shares to successful applicants is------.
The accounting entry for cash realized from the sale of assets on the dissolution of a partnership is debit------
Use the following information to answer the question below
N
Net profit -------------------------17,460
Capital account: Taiwo--------50,000
Obi----------40,000
Drawings Account: Taiwo----12,000
Obi-------10,000
Salary - Obi---------------------1,500
Interest on capital--------------5%
Interest on drawings----------4%
Profit sharing ratio is 3:2 for Taiwo and Obi respectively
Obi's share of profit is---------------
Use the following information to answer the question below
N
Net profit -------------------------17,460
Capital account: Taiwo--------50,000
Obi----------40,000
Drawings Account: Taiwo----12,000
Obi-------10,000
Salary - Obi---------------------1,500
Interest on capital--------------5%
Interest on drawings----------4%
Profit sharing ratio is 3:2 for Taiwo and Obi respectively
Taiwo's share of profit is------
Use the following information to answer the question that follows
Receipt and payments: 31st December 2016
Cash at bank------460 New equipment------200
Subscriptions-----520 Cleaner's wage-----540
Donations--------- 500 Stationary----------- 140
Sale of stickers---490 Cash at bank--------110
Entrance fee------670
The surplus for the year is-----------
Use the following information to answer the question that follows
Receipt and payments: 31st December 2016
Cash at bank------460 New equipment------200
Subscriptions-----520 Cleaner's wage-----540
Donations--------- 500 Stationary----------- 140
Sale of stickers---490 Cash at bank--------110
Entrance fee------670
The total income received for the year is...........
An event that will not require a change in the profit-sharing ratio of partners in a firm is when
The parties who are paid last in the event of winding-up are
The excess of assets over liabilities in a not for profit organization is--------------
Use the following information to answer the question below
01/01/2016 31/12/2016
Trade debtors-------80,000 100,000
Trade creditors-----30,000 40,000
Stock-----------------70,000 90,000
Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000
Credit purchase for 2016 is?
Use the following information to answer the question below
01/01/2016 31/12/2016
Trade debtors-------80,000 100,000
Trade creditors-----30,000 40,000
Stock-----------------70,000 90,000
Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000
Credit sales for 2016 is?
The balance on the sales ledger control account at the end of the accounting year represents a total.........
Use the following information to answer the question that follows
N
Direct material used-----------------64,000
Direct labour--------------------------30,000
Production overheads--------------22,000
Work-in-progress at beginning-----9,000
Work-in-progress at close---------14,000
The total cost of production is