A joint cost of N 72 million incurred by the two departments was apportioned N30 million to A and N42 million to B. the basis used for apportionment must have been Posted on:
The items entered in an opening statement of affairs of an enterprise that keeps incomplete record are Posted on:
The accounting convention which stipulates that money or goods taken from the business by the owner for personal use should be treated as deductions from capital is Posted on:
If premises is to be depreciated at 10% on cost and a 5% provision is to be allowed on debtors, the total asset in the balance sheet is Posted on:
