Accounting Questions and Answers

Lighting..................N2925
Rent......................N2640
Salary....................N4050

The expenses are for three different product:
Zema, Zeta and Zera. They are appointed on the basis of population. 4500 units of the products are produced, out of which 1260 and 2060 units are for zema and zeta respectively.

The lighting charge to be apportioned to zema is?

The amount of subscriptions accrued is reported in the balance sheet under?

Osei and Yabo were in partnership sharing profits and losses in the ratio of 2:3. On admitting Takwa, the profit and loss sharing ratio was charged to 1:1:1. Suppose Takwa paid N30 000 for goodwill, this amount would be?

The receipt and payment s acpunt of a not-for-profit-making organization plays a similar role in a profit-making organization as?

Given:

Shaku Company Ltd.
Stock..........................N3,600,000
Cash at hand...................N800,000
Cash at bank...................N2,400,000
Debtors........................N580,000
Trade creditors................N920,000
Bank overdraft.................N200,000
Tax liabilities................N600,000
Salary owed to staff...........N180,000

Determine the working capital?