Given:
....................January.............Dec...
Given:
....................January.............December
Assets................N28,320.............N25,320
Creditors.............N5,620..............N10,320
The proprietor made drawings of N755 per month for personal use.
The profit for the period is?
N3000
N1,360
N9060
N7700
Correct answer is B
No explanation has been provided for this answer.
Accumulated depreciation on the asset as at 31/12/81 was ...
Purchases of fixtures and fittings by a club is recorded in the ...
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year h...
Net profit of a sole proprietor is transferred to the ...
Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad deb...
Nwoye buys stock and pays by cheque. The entries in the books of Nwoye is Debit ...