The entry in the partnership books of accounts for interest on drawings is to?
Credit partners capital account
Debit partners capital account
Credit drawings account
Debit drawings account
Correct answer is B
No explanation has been provided for this answer.
N50
N100
N200
N250
Correct answer is B
No explanation has been provided for this answer.
Selling price
Akure price
Company price
Lagos price
Correct answer is C
No explanation has been provided for this answer.
i and ii
i, ii and iii
i, ii, iii and iv
iii and iv
Correct answer is B
No explanation has been provided for this answer.
The main reason for adopting a departmental account is to?
Record transactions for each department for better documentation
Tackle any recording problem as a result of expansion
Continuously evaluate the profitability of different departments
Ensure that departmental mangers are adequately monitored
Correct answer is C
No explanation has been provided for this answer.