During year 2016, Victor paid rent amounting to 500,000. He owed 50,000 at the beginning of the year and by 31 December 2016, he had paid rent in advance of 100,000. His rent charge for 2016 was? Posted on:
Which one of the following sentences does NOT explain the distinction between financial accounts and management accounts? Posted on:
A company includes in inventory goods received before the year end, but for which invoices are not received until after the year end. This is in accordance with Posted on:
Non-current assets can best be defined as Items of machinery which are not moveable and are purchase with an intention of resale Posted on:
The objective of financial statements is it enables users to assess the performance of management and to aid in decision making Posted on:
In July, cheques were drawn for N500 for petty cash. What was the total expense paid from petty cash in July? Posted on:
