Use the following information to answer the given questio...
Use the following information to answer the given question
Emeka Chukwudi (Nig.) Limited is a manufacturing company. Its books showed the following for the year ended 31st December, 1990
Opening stock - Raw materials42,000Purchases - Raw materials265,000Outwards13,000Returns outwards13,000Depreciation - plant and Machinery10,000wages52,000Closing stock - Raw materials72,000Direct expenses11,000Production Manager's salaries18,000Factory rent15,000
The cost of production is
N373,000
N351,000
N337,000
N328,000
N277,000
Correct answer is D
No explanation has been provided for this answer.
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
Cash purchase - D29,641 Creditors 1/1/14 - D2,473 Creditors 31/12/14 - D3,117 Cash paid to credit...
A debit entry in a fixed asset account represents ...
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