Accounting Questions and Answers

$\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accounts balance(1/4/98)} & 4,000 & 6,000 \\ \text{Current Accounts balance (1/4/99)} & 7,000 & \text{?} \\ Drawings & 1,500 & 1,500 \\ \text{Share of net profit} & \text{?} & 2,500 \end{array}$

What is chike's share of profit from the partnership for the year ended 31/3/99 ?

Use the following information to answer the given question

$\begin{array}{c|c} & N\\ \text{Stock of raw materials - 1st January, 2002} & 460,000\\ \text{Purchases of raw materials} & 1,000,000\\ \text{Carriage inwards} & 100,000 \\ \text{Stock of raw materials - 31st December, 2002} & 500,000\\ \text{Royal paid} & 35,000 \\ \text{Manufacturing wages} & 80,000\\ \text{Supervisor's salary} & 15,000\end{array}$
Total overhead cost is

In-not-profit-making organizations, accumulated fund is the name for

When both debit and credit entries in respect of a transaction are made in the same ledger account, this is

Which of the following is the memory part that is available for use by the computer user?