The depreciation on a motor vehicle that is being used fo...
The depreciation on a motor vehicle that is being used for manufacturing and administration is charged to the?
Debit side of manufacturing and profit and loss account
Debit side of profit and loss account only
Credit side of profit and loss account only
Debit side of manufacturing and balance sheet
Correct answer is B
The profit and loss account is used by manufacturing concerns to ascertain the cost of production at various stages. A motor vehicle used by a manufacturing company would be depreciated to the debit side of profit and loss account.
The net profit or loss for the year is determined in profit and loss account after ...
The balance of the sales ledger control account represents ...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditor...
The document which contains the internal regulations of a limited liability company is the ...
Opening balance 10,640 Purchases ...
A balance of N102 on waged account was transferred as N120. This is error of ...
Where there is provision for depreciation, fixed asset is shown in the balance sheet at i. c...