In a control account, discount received is found on the
Debit side of the purchase ledger control account
Debit side of the sales ledger control account
Credit side of the purchase ledger control account
Credit side of the sales ledger control account
Correct answer is A
No explanation has been provided for this answer.
N8500 profit
N2000 loss
N2000 profit
N8500 loss
Correct answer is C
No explanation has been provided for this answer.
Which method of pricing can be used satisfactorily in either a rising or falling price situation?
Standard price
Marketing price
FIFO
Average method
Correct answer is D
No explanation has been provided for this answer.
N80,000
N35,000
N105,000
N70,000
Correct answer is D
No explanation has been provided for this answer.
35%
30%
20%
15%
Correct answer is C
No explanation has been provided for this answer.