Acid test ratio of a firm measures the
profitability of a firm
capital adequacy of a firm
liquidity of a firm
quality of debtors of a firm
Correct answer is C
No explanation has been provided for this answer.
General partner
Sleeping partner
Quasi partner
Limited partner
Correct answer is A
No explanation has been provided for this answer.
The objective of preparing departmental account is to determine the
sales of each department
total cost attributable to each department
capital employed by each department
profitability of each department
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer this question
₦
Creditors (01/01/19) 223,000
Creditors (31/12/19) 316,000
Credit purchases 1,426,000
Discount received 64,000
Company's cheque dishonoured 90,000
Amount owed to creditors on 31/12/19 is
₦406,000
₦342,000
₦316,000
₦226,000
Correct answer is C
No explanation has been provided for this answer.
Use the following information to answer this question
₦
Creditors (01/01/19) 223,000
Creditors (31/12/19) 316,000
Credit purchases 1,426,000
Discount received 64,000
Company's cheque dishonoured 90,000
₦ 1,423,000
₦ 1,359,000
₦ 1,333,000
₦ 1,295,000
Correct answer is C
No explanation has been provided for this answer.