Accounts - Principles of Accounts Past Questions and Answers

Use the information below to Answer questions 46 and 47.
Among Limited invoiced goods at a cost of N10,000 to its Ikeja branch at a marginal of 20%. The branch later returned goods worth N1,200 at invoice price to the head office.
The profit marginal should be?

What is the correct entry in the head office books at the point of initial transfer of the goods?

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

Which of the following account is kept by local governments in Nigeria?

The conventional sources of public revenue includes?