In manufacturing accounts, finance expenses are charged t...
In manufacturing accounts, finance expenses are charged to the
Departmental account
Trading accountÂ
Profit and loss account
Balance sheet
Correct answer is C
profit and loss account is an account in the books of an organization to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss over a given period.
A business operates on a mark-up of 25%. If cost of goods sold is N800,000. What is the profit? ...
\(\begin{array}{c|c} & Le\\ \hline \text{Construction and hospital wards} & 300,000\\ \text{...
Which of the following is not a type of branch? ...
Which of the following is an item in the debit side of the sales ledger control account? ...
\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...
Discounts allowed is charged to ...
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...