A fixed asset was bought for N60,000 on 1st January, 1997...
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was
N33,000
N30,000
N17,000
N16,000
Correct answer is A
No explanation has been provided for this answer.
Which of the following brings a company into legal existence? ...
In the consignee's record account, the accounting treatment of expenses paid for on behalf of th...
In partnership dissolution, an asset taken over by a partner is debited to? ...
Credit sales were debited to A. Akpan instead of B. Akpan. This is an error of ...
July 1 - Started business with #10,500 July 31- Paid Agromachinex #6,000 owing them The double ...
The principle of double entry bookkeeping states that ...
The double entry for interest on drawings by a partner is: debit ...