Login or Register to View User(s) Profile
This user will not be able to follow you or view your post, and you will not see post or notification from this user
Principle of Account
23-01-2016 16:41:00 +0000
The questions below presented a challenge for most of the students that attempted them. Lets all attempt to answer them.
Question 38) Hussaina enterprises sent goods worth ₦800,000 at cost plus mark-up of 25% to its branch
What is the cost price of the goods sent to the branch?
Question 47) Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of ₦1.50k. Application and allotment were recieved for 900,000 shares at 25k each.
Determine the amount received on application and allotment.
Question 12) Petty cash book records transactions on
A. the debit side only
B. the credit side only
C. both credit and debit sides
D. reversed entry