A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the straight-line method, what is the depreciation charge for the second year? Posted on:
Which of the following serves the same purpose as the income and expenditure account of a non-trading organization? Posted on:
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the diminishing balance method, what is the amount of depreciation for the second year? Posted on:
Where there is no partnership agreement, any contribution in excess of the agree capital attracts Posted on:
A debit cash balance of N26,900 was brought down as N24,300. The entries necessary to correct the error are Posted on:
