Advertising expenses incurred on a product in a business organization should be charged to
N | N |
Capital 39,000 | Land 20,000 |
Long Term Loan 15, 000 | Building 30,000 |
Creditors 9,000 | Stock 40,000 |
Debtors 6,000 | |
Accrued wages 5,000 | Cash 8, 000 |
68,000 | 68,000 |
Use the information above to answer the question
: The acid test ratio in the company is___________
When goods are sent to branch at cost plus mark up, it means that the branch should sell at_____________
The office responsible for ascertaining whether all public expenditures and appropriations are in line with approved guidelines is the________
Use the information below to answer question
Trading account for the year ended 31st December 2009
₦ | ₦ |
Opening Stock 32,000 | Sales 48,000 |
Purchases 40,000 | Less Return 2,000 |
Carriage inwards 1,000 | |
41,000 | |
Less Return 2,000 39,000 | |
Cost of goods available ?? | |
Less closing stock 9,000 | |
Cost of goods sold ?? |