N390,000
N360,000
N350,000
N170,000
Correct answer is A
Recurrent expenditure consists mainly of expenditure on wages, salaries and supplements, purchases of goods and services and consumption of fixed capital (depreciation). Hence we have;
180,000 + 40,000 + 120,000 + 50,000 =390,000
N420,000
N380,000
N240,000
N200,000
Correct answer is C
No explanation has been provided for this answer.
I and II only
II and III
I and IV
III and IV
Correct answer is C
No explanation has been provided for this answer.
Both always have debit balances
Both always have credit balances
The head office current account has a credit balance while the branch current account has a debit balance
The head office current account has a debit balance while the branch current account has a credit balance
Correct answer is D
No explanation has been provided for this answer.
N6,500
N64,600
N85,380
N514,600
Correct answer is C
No explanation has been provided for this answer.