Post Utme Accounts - Principles of Accounts Questions
Question 236:
Direct labour cost refers mainly to:
- A Salaries office managers
- B Salaries sales staff
- C Wages production workers
- D Rent administration offices
Question 237:
Prime cost is calculated by adding direct materials to:
- A Selling distribution expenses
- B Direct labour expenses
- C Carriage outward charges
- D Office administration cost
Question 238:
Capital equals ₦430,000 while liabilities are ₦170,000. Assets become:
- A ₦170,000 assets
- B ₦430,000 assets
- C ₦260,000 assets
- D ₦600,000 assets
Question 239:
Assets worth ₦1,800,000 and liabilities of ₦500,000 give capital of:
- A ₦1,300,000 capital
- B ₦500,000 capital
- C ₦1,800,000 capital
- D ₦2,300,000 capital
Question 240:
Liabilities of ₦480,000 and capital of ₦920,000 give assets of:
- A ₦480,000 assets
- B ₦1,400,000 assets
- C ₦920,000 assets
- D ₦440,000 assets