Cost of rent as an expense can be apportioned to all depa...
Cost of rent as an expense can be apportioned to all department on the basis of:
No of employees
Stock value
Space occupied
Wages
Correct answer is C
Indirect expenses are allocated among departments in order to ascertain the profits or loss made by each department.
Given: Returns inwards............N1500 cash.......................N1550 Discount...................
A limitation of the money measurement concept is that ...
The use of three column cash book is determined by ...
Given: N N Capital 200,000 total assets 210,000...
The concept that recognizes revenue at the time of sale and not only when cash is received is ...
Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad deb...
Which of the following is not an example of capital reserve? ...
The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 yea...