Accounts - Principles of Accounts Past Questions and Answers

Using the reducing balance method, the depreciation charged for year 2002 was <br/>Use the following information to answer the given question <br/>\(\begin{array}{c|c} \text{Motor vehicles(at cost) 1/1/2002} & ₦1,000,000\\ \text{Addition to motor vehicles 1/7/2003} & ₦600,000 \\ \text{Depreciation rate 10%} & \end{array}\)<br/>Using the reducing balance method, the depreciation charged for year 2003 was

Which of the following is not a revenue expenditure?

The amount allowed off the cost price of an article to stimulate patronage is

Which of the following columns of a three column cash book are memoranda? i. Discount ii. Discount allowed iii. Cash iv. Bank

Where the head office maintains all books of account, goods sent to branch is credited to