Use the following information to answer the given questio...
Use the following information to answer the given question
The department of Administration of Odi Naka Chukwu State Water Corporation has underlisted staff position on 31st December, 1993
\(\begin{array}{c|c} Post & Grade & \text{Number in post} & Rate \\ \hline - & - & - & - \\ \text{Director of Audit} & 16 & 1 & \text{N200,000 x N20,000 - N3000,000} \\ \text{Assistant Director (Audit)} & 15 & 2 & \text{N160,000 x N18,000 - N268,000} \\ \text{Asst. Chief Internal Auditor} & 13 & 1 & \text{N140,000 x N12,000 - N224,000} \\ \text{Internal Auditor II} & 08 & 2 & \text{N60,000 x N6,000 - N120,000} \\ \text{Higher Executive Officer (Audit)} & 08 & 4 &\text{N60,000 x N6,000 - N120,000}\end{array}\)
NOTE: (a) All employees are on the first step of their salary
(b) \(\begin{array}{c|c} \text{Grade level} & \text{Housing allowance} & \text{Transport Allowance} \\ \hline \text{12 and above} & \text{N24,000 p.a} & \text{N18,000 p.a} \\ \text{07 to 11} & \text{N18,000 p.a} & \text{N12,000 p.a} \end{array}\)
The total basic salary for the period is
N1,368
N1,224,000
N1,924,000
N1,020,000
N964,000
Correct answer is D
No explanation has been provided for this answer.
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
In a partnership account, conversation of non-cash assets into cash is referred to as? ...
Repairs to air conditioners was debited to office equipment account. This is an error of ...
Which of the following is not an accounting convention? ...
Mr. B sod goods worth N200 on credit to Mr. C. The credit sales should be entered into ...
Calculate the closing stock under FIFO method ...
Given: Sales ............................N195,200 Stock 1st January.................N34,000 Purch...
Mayana Corporation uses special journals to record its transactions. If one of Mayana's customer...
The portion of the authorizes capital which has been allotted to members is ...