Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.

Depreciation for the year 2019 is 

Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.

The net book value of the asset at 31/12/19 is

Wages accrued is shown in the balance sheet as 

Provision is made in the accounts when the amount involved in the anticipated loss is

Accounting concepts are rules of accounting which are to be