Use the information below to answer this question
...
Use the information below to answer this question
At the end of a financial period, the trading profit and loss account of a sole trader shows a profit of
₦180,000 it is however discovered that revenue of
₦15,000 is recorded as expenses while expenses of
₦4,000 is recorded as revenue.
The revenue to be added as an adjustment is
₦34,000
₦4,000
₦30,000
₦15,000
Correct answer is C
No explanation has been provided for this answer.
Th major feature of an invoice is that, it? ...
Given: Ordinary share dividend ₦100,000, General reserve ₦4,100, Net profit b/d ₦27,370, corp...
Which of the following subsidiary books involves cash movements? ...
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...
The net profit or loss for the year is determined in profit and loss account after ...
The current growth in the volume of trading and financial dealing in Nigeria is helped by ...
Use the following information to answer the given question \(\begin{array}{c|c} & Ade &...
The yearly depreciation using the straight line method would be? ...
The concept that has much influence over asset valuation and income determination is? ...