22,480
21,136
14,354
14,027
Correct answer is C
Motor vehicle at cost + furniture and fittings at cost - depreciation
21,136 + 1334 - (7,109 + 1,007)
22,470 - 8,116 = 14,354
Use the following information to amswer the question that follows
112,471
111,834
101,142
14,027
Correct answer is C
Ordinary share + Retained earnings
70,000 + 31,142 = 101,142
Under the cost method in branch accounting, branch gross profit is disclosed in the..........
Goods sent to branch account
Branch debtors account
Branch stock account
Branch stock adjustment account
Correct answer is C
No explanation has been provided for this answer.
The basis of apportionment of insurance on building in departmental accounts is.........
Floor space occupied by the department
Purchase cost of the building
Value of the building
Number of offices in the building
Correct answer is A
No explanation has been provided for this answer.
Interim dividend paid in the year is..........
Debited to the profit and loss account
Debited to the income surplus account
Credited to the profit and loss account
Credited to the income surplus account
Correct answer is A
No explanation has been provided for this answer.