Which of the following terms describes the provision made for the loss in the value of an asset that has a legal life span? Posted on:
The purchase of a typewriter for office use was debited to purchases Account. This is an error of Posted on:
Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 provision for bad debt was 5%. The amount debited to profit and loss account as provision for the year was Posted on:
Which of the following errors would affect the agreement of the agreement of the trial balance totals? Posted on:
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was Posted on:
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001.The profit or loss on sale was Posted on:
