Q67 At the end of the accounting year, the journal entry to eliminate the unrealized profit in creation of inventory reserve is : Posted on:
Q66 The unsold closing inventory acquired form another department will appear on the ——— side of the statement of financial position Posted on:
Q65 Extracts from NOUN Nig. Ltd information show cleaning expenses of 60,000. What is the cleaning expenses for Dept A. if dept A and B occupy floor area in the raio of 2: 5 respectively Posted on:
Q64 If purchases for Dept A is 944,000, Dept B 65,000 and discount received expense is 100,000. What is the discount received expense for each department using the proportion fo pruchases of each dept Posted on:
Q63 What if sales for Dept A and Dept B is 1,200,000 and 800,000 and discount allowed is 24,000, what is the discount allowed expense for each department? Posted on:
Q62 What is the value of electricity expenses by department B if electricity expense for the company is 30,000 and the company uses the total floor ratio of 2:5 to apportion expenses Posted on:
Q61 If commission expense is 88,000, using the proportion of sales figures of 1,200,000 ad 800,000 respectively. What is the commision expense for department A Posted on:
Q60 The method employed to translate the trial balance of a foreign branch where the investing company views its investment in the individual assets and liabilities of the overseas operations is the : Posted on:
Q59 The method employed to translate the trial balance of a foreign branch where the investing company view its investment in the share capital of the foreign operations rather than investment in the individual assets and liabilities is : Posted on:
Q58 The account where all resources and all remittances are maintained in branch account is : Posted on:
Q57 The column in branch inventory which does nto form part of the double entry system in branch account is called: Posted on:
