........................1/7/2005............30/6/2006
........................1/7/2005............30/6/2006
Drawings.....................................N3 000
Capital.................25 000...............N42 500
Furniture...............6 500...............N10 200
Additional capital during the year amounts to 300% of the drawings.
Calculate the net profit or loss made during the year.
N15,100 profit
N15,100 loss
N11,500 profit
N11,500 loss
Correct answer is D
No explanation has been provided for this answer.
The major function of accounting bodies in Nigeria is to? ...
Which of the following is not an advantage of control account? ...
Which of the following is a self-balancing account? ...
Which of the following is not a debit entry in the Bought Ledger? ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening balance} & 1,894 Dr \\ \text{Cheques rece...
The total credit sales for a period can be extracted from the ...
Cost of raw materials consumed 300,600 Carriage inwards 6,700 Returns of raw materials 10,800 Clo...