The estimated profit or loss for a period is calculated b...
The estimated profit or loss for a period is calculated by
Closing capital less opening capital add drawings
Opening capital less closing capital add drawings
Opening capital less drawings add closing capital
Opening capital add closing add drawings
Correct answer is A
No explanation has been provided for this answer.
Interim dividend paid in a year is ...
Opening capital ---10,800 Drawings----------- 2,500 Trade creditors ----2,560 Trade debtors -----...
The primary classification of government expenditure is based on ...
What is the effect on a firm for making a payment of N10,000 to creditor? its liabilities ...
Capital.....................N? Profit and loss.............N3500 Current assets..............N? C...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...
Osa started business with Le 40,000 cash. The accounting entry is debit ...
Current assets are shown in the balance sheet in order of performance as ...