Accounts - Principles of Accounts Past Questions and Answers

In company accounts, profit after tax is shared in the

Which of the following is not a source of revenue to a government?

Use the following information to answer the given question.<br/>\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)<br/>Profit for the year before 5% interest on capital was D18,000. Ebima's share was

Use the following information to answer the given question.<br/>\(\begin{array}{c|c} & Ebrima & Jaiteh\\ & D & D \\ \hline Capital & 2,000 & 10,000\\ Drawings & 2,400 & 10,000\\ Salary & - & 900\\ \text{Profit sharing ratio} & \frac{3}{5} & \frac{2}{5}\end{array}\)<br/>Profit for the year before 5% interest on capital was D18,000. Jaiteh's share of profit was

Whatever is fed into the computer is exactly what would be processed and produced as output. This is the concept of