₦6,600
₦9,300
₦4,450
₦4,850
Correct answer is B
No explanation has been provided for this answer.
The term "accounting period" is used to refer to the
Time span, usually one year covered by the financial statement
Period within which debtors are expected to settle accounts
Time, span during which taxes are paid to the inland revenue board
Budget period, usually one year relied on by the accountant
Correct answer is A
No explanation has been provided for this answer.
Sales day book
Cash book
Sales subsidiary book
Purchase day book
Correct answer is B
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
₦7,000
₦11,000
₦4,000
₦24,000
Correct answer is A
No explanation has been provided for this answer.
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
₦5200
₦800
₦6500
₦4400
Correct answer is A
No explanation has been provided for this answer.