Rakiya and Joy are in partnership and agreed that 5% inte...
Rakiya and Joy are in partnership and agreed that 5% interest per annul is to be charged on drawings. The drawing made by both partners in one year were: Rakiya, N200 on March 31 and N300 on September 30. Joy, N100 on April 1 and N240 on July 1.
The interest on joy's drawing is
N6.00
N7.25
N9.00
N9.75
Correct answer is D
No explanation has been provided for this answer.
The value of the sales ledger control account is derived from the summation of ...
A general journal contains? ...
How are credit sales by a department treated? ...
Provision for doubtful debts------1,000Cr Bad debts--------500Dr Debtors-------50,000Dr Additiona...
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
Use the following information to answer the given question \(\begin{array}{c|c} \text{Opening s...
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...
Which of the following expenses constitutes prime cost? &n...