Accounts - Principles of Accounts Past Questions and Answers

Capital and revenue expenditures of government are usually accounted for under funds which include

Given:

Depreciation of plant and machineryFactory rentIndirect wagesGeneral indirect expensesLubricantsCarriage inwardsFactory powerBank chargesCarriage outwards

₦1,600 650 695 7261,235 829 350 6122,900

Determine the total factory overhead cost

The excess of income over expenditure is usually transferred to the

In a departmental accounting system, which of the following expenses will most likely be apportioned on the basis of turnover

Given:
₦
Total debtors b/d 31/12/99 25,000
Cheques received from debtors 255,000
Total debtors c/d 31/12/00 15,000
Calculate the sales figure