Four broad classifications of overheads are
Production, selling, distribution and administration
Production, selling, distribution and material
Selling, distribution and material
Distribution, selling, administration and materials
Correct answer is A
No explanation has been provided for this answer.
₦6,600
₦9,300
₦4,450
₦4,850
Correct answer is B
No explanation has been provided for this answer.
Sales day book
Cash book
Sales subsidiary book
Purchase day book
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
₦7,000
₦11,000
₦4,000
₦24,000
Correct answer is A
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
₦5200
₦800
₦6500
₦4400
Correct answer is A
No explanation has been provided for this answer.