Administration cost
Selling and distribution cost
Overhead cost
Prime cost
Correct answer is C
No explanation has been provided for this answer.
The excess of the market value of goods produced over the cost of production is
Profit on manufacturing
Net profit
Goodwill
Gross profit
Correct answer is A
No explanation has been provided for this answer.
36,000
31,000
20,000
30,000
Correct answer is C
Sales ledger control account
| Bal b/f 9,000 Dishonored cheque 4,000 credit sales 20,000 33,000 |
Returns inwards 3,000 Bal c/d 3,000 33,000 |
36,000
31,000
30,000
10,000
Correct answer is C
Total sales = credit sales + cash sales
20,000 + 10,000 = 30,000
N16,000
N15,000
N12,800
N12,000
Correct answer is A
No explanation has been provided for this answer.