In manufacturing account, depreciation of office machine ...
In manufacturing account, depreciation of office machine is charged to
Trading account
Appropriation account
Balance sheet
Profit and loss account
Correct answer is D
Profit and loss account: the depreciation of the office machine is considered as part of administrative expense which must be charged against the profit of the company
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
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The prudence concept demands that ...
The equivalent of income and expenditure account in a trading concern is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Opening stock of raw materials} & 24,750\\ \tex...