When goods are sent to branch at cost plus mark up, it means that the…
When goods are sent to branch at cost plus mark up, it means that the branch should sell…
Browsing Category
Answers
44896 posts
What is the amount of capital employed?
What is the amount of capital employed? A. ₦7000 B. ₦10000 C. ₦22000 D. ₦15000 Correct Answer: Option…
Advertising expenses incurred on a product in a business organization should be charged to
Advertising expenses incurred on a product in a business organization should be charged to A. Sales department B.…
A part of public company’s profits belonging to the shareholders is
A part of public company’s profits belonging to the shareholders is A. public issue B. bonus C. right…
When expenses are paid on behalf of the venture, the accounting entries is to debit
When expenses are paid on behalf of the venture, the accounting entries is to debit A. bank account…
Which of these is a content of a master file?
Which of these is a content of a master file? A. All records relevant to the organisation. B.…
An evidence of payment issued to a government ministry by a revenue collector is
An evidence of payment issued to a government ministry by a revenue collector is A. treasury receipt B.…
The correct expression of accounting equation is
The correct expression of accounting equation is A. Assets = Liabilities + Equity B. Net assets = Liabilities…
Subscription in advance is treated in the balance sheet as a
Subscription in advance is treated in the balance sheet as a A. current asset B. current liability C.…