Use the following information to answer the given questio...
Use the following information to answer the given question
\(\begin{array}{c|c} & N\\ \text{Stock of raw materials - 1st January, 2002} & 460,000\\ \text{Purchases of raw materials} & 1,000,000\\ \text{Carriage inwards} & 100,000 \\ \text{Stock of raw materials - 31st December, 2002} & 500,000\\ \text{Royal paid} & 35,000 \\ \text{Manufacturing wages} & 80,000\\ \text{Supervisor's salary} & 15,000\end{array}\)
Cost of raw materials used is
N1,175,000
N1,140,000
N1,075,000
N1,060,000
Correct answer is D
No explanation has been provided for this answer.
Given: cash book item: Paid to suppliers N10,800 Expenses paid N6,900 Drawings made N900 Balanc...
\(\begin{array}{c|c} & N \\ \hline Sales & 200,000 \\ \text{Opening Stock} & 20,000 \\ p...
Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde's ledger contr...
The directors' salaries paid are items of? ...
Changes can occur in partnership when: i. Partnership is dissolved ii. There is amalga...
Payment to creditors ₦12,250 Creditors at start ₦550 Creditors at end ₦830 What is the cr...
Interest on partners drawings are debited in the ...
\(\begin{array}{c|c} & Le \\ \hline \\ \text{Fines} & 20,000\\ \text{Market rates} & 120...
Which of the following is the capital reserve of a company? ...