Which of the following is an example of production overhead?
Discount allowed
Carried inwards
Factory rent
Carriage outwards
Depreciation of office equipment
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a recurrent expenditure to a Local Government Council?
Building classroom
Sinking of wells
Purchase of drugs
Construction of markets
Purchase of hospital beds
Correct answer is C
No explanation has been provided for this answer.
Which of the following cannot be realized?
Debtors
Creditors
Fixtures
Goodwill
Motor vehicles
Correct answer is D
No explanation has been provided for this answer.
Provision for discount on debtor on debtors is to be
Debited to profit and loss account
Credit to profit and loss discount
Debit to debtors account
Debited to provision for bad debts account
Correct answer is A
No explanation has been provided for this answer.
Payment for shares in excess of amount demanded gives rise to
Dividend warrant
Revenue reserve
Capital reserve
Call-in-advance
Call-in-arrears
Correct answer is D
No explanation has been provided for this answer.