Which of the following is a recurrent expenditure to a Local Government Council?

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Recurrent expenditure of the year was

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Capital expenditure for the year was

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Which of the following cannot be realized?

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Provision for discount on debtor on debtors is to be

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Payment for shares in excess of amount demanded gives rise to

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Goods worth N800 was stolen. The double entries are, debit,

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When a fixed asset is fully depreciated, its net book value is

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To realize an asset means to

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Uche returned goods worth N1,500 to Udo. Uche should receive

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Which of the following is/are true? i. depreciation charges increase profits ii. reduction in provision for bad debt increases profit iii. undervalued stock increases profits

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Accounts payable is

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