Goods worth N300 was transferred from department Q to P Similarly, P’s total expenses for the period was N200 Department P’s net profit was A N5 200 B N3000 C N2800 D N2 500 Answer is D
Goods worth N300 was transferred from department Q to P Similarly, P’s total expenses for the period was N200 What was department Q’s gross profit? A N2 500 B N2 300 C N 2 200 D N1700 Answer is B
Which of the following is true of Uju Nig.Ltd? A It is a highly geared company B It has no liquidity problem in the short term C It is adequately secured in fixed assets D It’s working capital is zero …
The debit ratio is approximately A 43% B 42% C 41% D 23% Answer is D
Give: 1. Ascertainment of the particulars of the proposed company II. Preparation of the incorporation documents III. Filling of the documents IV. Registration of the company From the information above, the stages involved in the formation of a company are …
Use this information below to answer this question. Trading Account (Extract) ……………..N………………………..N…… Opening stock…19500……..Sales…………96 000.. Add purchases…68700…………………………… …………….88200…………………………… Less closing stock..?…………………………… Cost of goods sold..?…………………………… Gross profit C/D….?…………………………… ………………..?……………………..?…… The gross profit margin is 20% Determine the closing stock A …
Use this information below to answer this question. Trading Account (Extract) ……………..N………………………..N…… Opening stock…19500……..Sales…………96 000.. Add purchases…68700…………………………… …………….88200…………………………… Less closing stock..?…………………………… Cost of goods sold..?…………………………… Gross profit C/D….?…………………………… ………………..?……………………..?…… The gross profit margin is 20% What is the gross profit? …
Given that the balance as per cash book after adjustment was N6315, nu-presented cheques N1000 and the bank statement balance N3240. What was the balance of the nu-credited cheques? A N4075 B N4240 C N3315 D N3075 Answer is A
The Auditor General of the Federation can be removed by the? A National Assembly B Chief Justice C The president D Head of Service Answer is C
Which of the following is among the categories of government cash book? A Receipt cash book B Payment cash book C Petty cash book D Treasury cash book Answer is D
The salary of the chief Justice of the Federation is paid from the? A consolidated revenue fund B development fund C contigency fund D special fund Answer is A
A source of revenue that is compulsory payment without any derived benefit is? A fees B taxes C fines D royalties Answer is C