An effect of increase in the provision for depreciation i...
An effect of increase in the provision for depreciation is
Decrease in gross profit
Increase in net profit
Increase in gross profit
Decrease in net profit
Correct answer is C
No explanation has been provided for this answer.
Given: Balance as per cash book...................N20,000 Unpresented cheques......................
Acid test ratio of a firm measures the ...
Opening capital ---10,800 Drawings----------- 2,500 Trade creditors ----2,560 Trade debtors -----...
A service which a firm has enjoyed, but has not yet been paid for is ...
Opening stock ₦ Department A B 100 800 ...
Given: (i) Order of performance (ii) Order of liquidity (iii)Vertical order (i...
Which of the following is not true of revenue expenditure? i. It is incurred in one period of...
\(\begin{array}{c|c} & N \\ \hline sales & 45,000 \\ \text{Opening stock} & 20,000 \\ \t...