Motor car costing N10,000 was depreciated at 20 per cent ...
Motor car costing N10,000 was depreciated at 20 per cent anuum by the diminishing balance method. Two years late, it was sold for N6,000. The net result of the sale was
N6,400 profit
N6,000 loss
N4,000 loss
N400 profit
N400 loss
Correct answer is E
No explanation has been provided for this answer.
Which of the following describes a trial balance? ...
A sale of goods to audu was not posted. This is an error of ...
When a business is purchased, the double entries required in the purchaser's book are debit, ...
Which of the following is a charge against profit? ...
Which of the following is a recurrent expenditure to a Local Government Council? ...
Use the following information to answer the given question \(\begin{array}{c|c} & D\\ \hlin...
In the balance sheet of a social club, subscription owing is treated as a ...