A plant which costs N1,000 and has a residual value of N1...
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the straight-line method, what is the depreciation charge for the second year?
N128
N140
N160
N175
N200
Correct answer is D
No explanation has been provided for this answer.
If a 10% dividend is approved, what is the dividend payable to ordinary shareholders? ...
A business transaction is recorded in the books of account when the ...
Provision for depreciation on delivery van is charged to ...
Given: cash book item: Paid to suppliers N10,800 Expenses paid N6,900 Drawings made N900 Balanc...
The balance of the sales ledger control account represents ...
\(\begin{array}{c|c} Capital & Le\\ \hline Aye & 20,000\\ Bee & 30,000\\ Drawings & ...