Use the following information to answer the question prepared1/01/2003N600.00 Rent paid31/12/2003N3,000.00 Rent prepaid31/12/2003N400.00 Rent for 2013 amounted to A N4,000 B N3,200 C N3,000 D N2,800 Answer is B

The trial balance showed wages, N2 500 and a note stated that N500 wages, were due but unpaid when preparing final accounts and loss account with A N 3000 and show wages accrued N 500 in the balance sheet in …

What was the balance showed wages, N2 500 and a note stated that N 500 wages were due but unpaid when preparing final accounts and loss account with A N 3 000 and show wages accrued N 500 in the …

Trade creditors account was maintained at 25% of the capital. What was the balance in the trade creditors account as at 31/12/92? A N 29 800 B N 29 500 C N29 400 D N 29 000 Answer is C …

THE BOOK VALUE OF THE ASSET AS AT 31/12/86 WAS A N 3 731 250.00 B N 2 487 500.00 C N 1 268 750.00 D N1 020 000. 00 Answer is A

Accumulated depreciation on the asset as at 31/12/81 was A N 2 487 500 .00 B N 2 736 250 . 00 C N 4 511 192.00 D N 4 975 000 .00 Answer is B

A charitable club has the following figures: N Subscriptions received in 1991 2 800 Subscriptions unpaid in 1990 300 Subscriptions paid for 1992 150 Subscriptions due 1991 180 How much should be charged to the income and expenditure of this …

If a 10% dividend is approved, what is the dividend payable to ordinary shareholders? A N 13 000 B N 11 300 C N 10 000 D N 8 000 Answer is D

Equity shareholders’ fund is A N133 000 B N 120 000 C N113 000 D N 100 000 Answer is A

A government accounting systems must make sure that A revenue exceeds expenditure B all applicable legal provisions are complied with C capital expenditure is equal to revenue D capital project fund is tied to recurrent expenditure Answer is B

Eko Local Government expenditure Hospital building