Subscriptions received are always put at 125% of the total donations received and refreshment sales. Compute the subscriptions received. A N30000 B N28000 C N24000 D N20000 Answer is D
Subscriptions received are always put at 125% of the total donations received and refreshment sales. What is the closing cash balance ? A N11500 B N12000 C N13000 D N13500 Answer is A
Miscellaneous expense is 10% of revenue Calculate the net income. A N583,000 B N563,000 C N483,000 D N583,000 Answer is A
It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses. Determine the club’s excess of income over expenditure A N12000 B N15000 C N10000 D N14500 Answer is …
It is the tradition of the club to write off an amount equal to 25% of the subscriptions received as other expenses. What is the amount to be written off as other expenses? A N4500 B N6000 C N4000 D N5000 Answer is D
The working capital of the club is A N5000 B N4000 C N3000 D N7000 Answer is C
Use the information below to answer this question. ………….Total……… Dept.P………….Dept.Q ……………N……………N……………..N Sales………10000…………6000…………..4000 Purchases……4000…………1000…………..3000 Discount received.1000……….?……………… Discounts allowed..2000………………………?. Discount (allowed and received) are apportioned to the two departments on the basis of departmental sales and purchases. What is department Q’s share …
Use the information below to answer this question. ………….Total……… Dept.P………….Dept.Q ……………N……………N……………..N Sales………10000…………6000…………..4000 Purchases……4000…………1000…………..3000 Discount received.1000……….?……………… Discounts allowed..2000………………………?. Discount (allowed and received) are apportioned to the two departments on the basis of departmental sales and purchases. Department P’s share of discount …
The gross profit on manufactured goods is the difference between the cost of goods manufactured and the A market value of goods produced B prime cost of production C indirect cost of production D goods produced. Answer is A
Use the information below to answer this question The partnership agreement between Abba, Baba and Kaka contains the following provision: (i) 5% interest to be paid on capital and no interest to be charged on drawings (ii) Profits and losses …
Use the information below to answer this question The partnership agreement between Abba, Baba and Kaka contains the following provision: (i) 5% interest to be paid on capital and no interest to be charged on drawings (ii) Profits and losses …
Use the information below to answer this question Date………….QTY. …..RATE……..TOTAL ……………(Units)…..N………..N January 2nd…..500……..25……….12500 March 7th…….250……..28……….7000 Issues were made as follows: Date…………QTY. (uNITS) January 9th …..200 February 14th …200 March 11th ……200 The value of closing stock as at February 14th …