Which of the following errors would affect the agreement of the agreement of the trial balance totals? Posted on:
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was Posted on:
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001.The profit or loss on sale was Posted on:
The opening balance of debtors is N100,000 and that of provision for doubtful debts is N1,000. If provision is to at 1/2% of debtors, how much would be charged in the profit and loss account? Posted on:
Opening creditors was N65,000, closing creditors was N41,000. Credit purchases was N200,000 and discount received N3,000. How much was paid to creditors? Posted on:
