Accounting Questions and Answers

Which of the following is a journal as well as a ledger?

Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of

Head office sends goods to its branch at cost plus mark-up of of 25%. A debit of N40,000 to the branch stock account in the head office books will indicate that the head office has sent goods with a profit of

LOAN IS 30% OF CREDITORS.

A company has departments S,T and U. The sales are N20,000,20,000, N40,000 AND N60,000 respectively if the sales commission paid is N12,000, how much is T's share?

LOAN IS 30% OF CREDITORS.

What is the capital balance?