The excess of income over expenditure is usually transfer...
The excess of income over expenditure is usually transferred to the
Accumulated fund
Profit and loss account
Current assets in the balance sheet
Current liabilities in the balance sheet
Correct answer is A
No explanation has been provided for this answer.
Goods can be charged to branches using any of these pricing methods except ...
The movement of goods from head office to a branch is treated in the head office as ...
In the absence of an agreement, partners share profits ...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
Appropriation Account Kudu Wale Interest on capital 750 550 Salaries 800 600 Share of pr...
Sales - #232,000 Opening stock - # 28,000 Purchases - #128,000 Carriage inwards - # 4,000 Carria...
A credit note from a supplier for damaged goods would first be entered in the ...
The term bad debts means debts ...
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...