Use the following to answer the given question
...
Use the following to answer the given question
Nsales45,000Opening stock20,000Closing sock30,000Expenses15,000Fixed assets40,000Debtors10,000Creditors5,000Purchases25,000
Net profit is
N45,000
N30,000
N25,000
N20,000
N15,000
Correct answer is E
No explanation has been provided for this answer.
In a departmental account, where no basis of apportionment exist, apportionment is ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
The net profit or loss for the year is determined in profit and loss account after ...
The vote book in Public Sector Accounting is used to ...
Which of the following is not true of a partnership business without written agreement? ...
In trial balance, income and liabilities are ...
A service which a firm has enjoyed, but has not yet been paid for is ...