The net book value of the asset at 31/12/19 is
...Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.
The net book value of the asset at 31/12/19 is
₦523,500
₦510,000
₦433,500
₦420,000
Correct answer is C
No explanation has been provided for this answer.
Opening capital ---10,800 Drawings----------- 2,500 Trade creditors ----2,560 Trade debtors -----...
The two fundamental books of accounting are ...
An amount set aside out of profit for a specific purpose is a ...
In manufacturing accounts, finance expenses are charged to the ...
In-not-profit-making organizations, accumulated fund is the name for ...
A sales for N2,570 was recorded in the day book as N2,750. The error committed was ...
The objective of a departmental accounts is to ascertain the ...
Which of the following entries would be made for goods bought and paid for immediately? Debit ...
Trading account for the year ended 31st December 2009 ₦ ₦ Opening...