₦152,190
₦199,190
₦169,190
₦146,190
Correct answer is A
Prime cost is the total of all direct cost incurred during production.
Direct material + direct labour+ direct cost
129,640 + 24750 + 10,000 - 12,000 = 152190
₦121,440
₦119,390
₦111,190
₦101,190
Correct answer is B
The value of raw material = opening stock + purchase + carriage cost
24,750 + 129,640 + 10,000 - 45,000
N119,390
The balance of the sales ledger control account represents
Total sales
Total credit sales
Total creditors
Total debtors
Correct answer is D
It represents the total of all credit sales. Also known as trade debtors.
Bad debts written off is shown as
Debit in the sales ledger
Debit in the purchases ledger
Credit in the sales ledger
Credit in the purchases ledger
Correct answer is C
The journal entry is a debit to the bad debt expense account and a credit to the accounts receivable account. (Remember your account receivables are credit sales that is the sales journal).
\(\begin{pmatrix} 5 & 1 \\ 16 & 5 \end{pmatrix}\)
\(\begin{pmatrix} 2 & 16 \\ 1 & 10 \end{pmatrix}\)
\(\begin{pmatrix} 2 & 7 \\ 1 & 8 \end{pmatrix}\)
\(\begin{pmatrix} 2 & 5 \\ -1 & -8 \end{pmatrix}\)
Correct answer is C
\(\begin{pmatrix} 1 & 2 \\ 5 & 1 \end{pmatrix} \begin{pmatrix} 0 & 1 \\ 1 & 3 \end{pmatrix}\)
= \(\begin{pmatrix} 1\times 0 + 2\times 1 & 1\times 1 + 2\times3 \\ 5\times0 + 1\times1 & 5\times1 + 1\times 3 \end{pmatrix}\)
= \(\begin{pmatrix} 2 & 7 \\ 1 & 8 \end{pmatrix}\)