Administrative, selling and distribution expenses in a ma...
Administrative, selling and distribution expenses in a manufacturing firm are recorded in
Trading account
Manufacturing account
Profit and loss account
Balance sheet
Correct answer is C
A profit and loss (P&L) statement summarizes the revenues, costs, and expenses incurred during a specific period of time.
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
Given: Cash book balance- #5000 Dishonored cheque- #1000 Direct credit - #800 Direct debit - #50...
When shares are sold 'at par' it means they are issued at ...
Which of the following is shown in the profit and loss appropriation account of a company? ...