Using the reducing balance method, what is the amount of depreciation for the second year? Posted on:
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of N500. Posted on:
John brought in an additional plant into his business. What are the accounting entries necessary to reflect the transaction? Posted on:
A typewriter for office use sold for N5,000 was posted to sales account. This is an error of a Posted on:
Purchase of goods for N1,000 from chukwu had been entered in Cukwura’s account. This is an error of Posted on:
Which of the following does not appear on the debit side of a company’s profit and loss appropriation account? Posted on:
Bosun bought goods worth N500 and sold it at a margin of 20% on selling price. For how much did he sell the goods? Posted on:
