Goodwill can be valued in partnership when?
A partners make profits
Large losses are made
A partner retires
A new branch is opened
Correct answer is D
No explanation has been provided for this answer.
Had more revenues than expenses during the period
Did not owe much liabilities during the period
Received more cash than it paid out during the period
Made more cash payments than it received during the period
Correct answer is D
No explanation has been provided for this answer.
N6,150
N4,850
N4,650
N1,300
Correct answer is A
No explanation has been provided for this answer.
Receipt and payments account of a non-profit making organization is principally a summary of the?
Bank entries
Cash book entries
Expenditure entries
Balance sheet entries
Correct answer is B
No explanation has been provided for this answer.
The difference between the factory cost of production and the prime cost of production is?
Direct materials
Direct labour
Selling expenses
Overhead
Correct answer is B
No explanation has been provided for this answer.