On the 30/5/93 Tolu & Co. paid 2 years rent of N50,00...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.
At 31/12/93, what portion of that amount was prepaid?
N14,583
N25,000
N35,417
N37,415
Correct answer is A
No explanation has been provided for this answer.
The basis of apportionment of insurance on building in departmental accounts is......... ...
April 11:Sold goods for cash N50,000 April 20: Bought goods for cash N30,000 April 26: Bough...
Capital receipt is collected ...
The factory cost of producing goods is made up of ...