Fixed Asset Accunt N4,000, credit Disposal of Assets Account N4,000
Disposal of Asset Account N4,000, credit fixed Access Account N4,000
Disposal of Asset Account N2,000, credit Fixed Asset account N2,000
Fixed Asset Account N2,000, credit Disposal of Assets Account 2000
Correct answer is B
No explanation has been provided for this answer.
N8,000
N6,000
N4,000
N2,000
Correct answer is C
No explanation has been provided for this answer.
Which of the following does not relate to government accounting system?
Vote
Trial balance
Consolidated fund
Profit and loss account
Correct answer is D
No explanation has been provided for this answer.
The head office usually issues goods to branches at
Prime cost
Production cost
Net realisable value
Cost price
Correct answer is D
No explanation has been provided for this answer.
The accounting entries for recording cash withdrawal by the proprietor for personal use are, debit
Cash and credit purchases
Purchases and credit drawings
Purchases and credit cash
Drawings and credit cash
Correct answer is D
No explanation has been provided for this answer.