N16,000
N15,000
N12,800
N12,000
Correct answer is A
No explanation has been provided for this answer.
Carriage outward expenses of a business are treated in the
Balance sheet
Income surplus account
Profit and loss account
Trading account
Correct answer is C
No explanation has been provided for this answer.
The prudence concept demands that
Care is exercised in recognition of profit
Loss should be anticipated
Profit should be reported
Income should be recognized and disclosed
Correct answer is A
No explanation has been provided for this answer.
Materiality
Periodicity
Objectivity
Conservatism
Correct answer is C
No explanation has been provided for this answer.
Materiality
Periodicity
Objectivity
Conservatism
Correct answer is C
No explanation has been provided for this answer.