Accounts - Principles of Accounts Past Questions and Answers

Nagode (Nig.) Ltd. has three departments A, B and C. You are given the following Information<br/>(i)Rent for the year - N3,000 <br/>(ii) Selling and distribution expenses - N1,800<br/>(iii) Department <br/>\(\begin{array}{c|c} & Turnover & \text{Floor space in square meters} \\ & N & N \\ \hline A. & 40,000 & 120 \\ B. & 60,000 & 80 \\ C. & 80,000 & 100\end{array}\)<br/>How much rent is apportioned to department C?

Nagode (Nig.) Ltd. has three departments A, B and C. You are given the following Information<br/>(i)Rent for the year - N3,000 <br/>(ii) Selling and distribution expenses - N1,800<br/>(iii) Department <br/>\(\begin{array}{c|c} & Turnover & \text{Floor space in square meters} \\ & N & N \\ \hline A. & 40,000 & 120 \\ B. & 60,000 & 80 \\ C. & 80,000 & 100\end{array}\)<br/>How much of selling and distribution expenses is apportioned to department B?

The books of accounts are opened by means of a

Which of the following is true of trade discounts?

Return inwards was understated. The effect is that