The amount for which a business is sold is that
...The amount for which a business is sold is that
Goodwill
Considerated fund
Purchase
Considerations
Capital reserve
Correct answer is D
Consideration is a payment made by one party to another in exchange for the transfer of something of value. It must be of value to both parties entering into a transaction.
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
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Miscellaneous expense is 10% of revenue Calculate the net income. ...
The name given to a budget in public service accounting is ...
When shares issued are paid for, accounting entry required is ...
A trial balance is a proof of ...
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CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6, 115&...
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...