A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Using the straight line method, the annual depreciation is Posted on:
Which of the following may cause depreciation? i. wear and tear ii. obsolescence and passage of time iii. fluctuation Posted on:
Pending the location of error, the difference disclosed in the trial balance is normally posted to Posted on:
Which of the following in a classified form contains a permanent record of all transactions? Posted on:
Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that Posted on:
