Wages accrued is shown in the balance sheet as
An asset
An income
An expense
A liability
Correct answer is D
No explanation has been provided for this answer.
Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.
The net book value of the asset at 31/12/19 is
₦523,500
₦510,000
₦433,500
₦420,000
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.
Depreciation for the year 2019 is
₦180,000
₦166,500
₦90,000
₦76,500
Correct answer is D
No explanation has been provided for this answer.
Acid test ratio of a firm measures the
profitability of a firm
capital adequacy of a firm
liquidity of a firm
quality of debtors of a firm
Correct answer is C
No explanation has been provided for this answer.
General partner
Sleeping partner
Quasi partner
Limited partner
Correct answer is A
No explanation has been provided for this answer.