What is the Net book value of the machine at the end of the second year, Using the straight line method Posted on:
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:
