The excess of the market value of goods produced over the...
The excess of the market value of goods produced over the cost of production is
Profit on manufacturing
Net profit
Goodwill
Gross profit
Correct answer is A
No explanation has been provided for this answer.
Where a proprietor withdraws cash from bank for office use, the entries would be ...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
Which of the following is the personal ledger? ...
Which of the following items are current assets? ...
Keme and Kemi are in partnership sharing profit and losses in the ratio 3:2. Capital - Keme.........
1/1/2010 31/12/2010 Creditors - #9,000 #9,800 Rent owing - #3,800 #2,500 Rates prepaid - #2,000 #...
The realization concept states that ...
In a non-profit oriented organization, the excess of income over expenditure is ...