Which of the following items is found in the profit and loss account of a company?

Carriage inwards on raw materials is recorded in the

If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales?

Which of the following items are apportioned on the basis of purchases in preparing departmental accounts?

Use the following information to answer the question

Sammy acquired plant an machinery costing ₦120,000 with an estimated useful life of 4 years and residual value of ₦2,000. The sum of the year digits method is used.

The depreciation to be charged for the third year will be