Question 0

Use the information below to answer question .

Prime cost..................N12 100
lighting....................N10 000
Heating.....................N15 000
Factory overhead............?

The production department share of factory overhead is 1/4 and 1/2 of lighting and heating respectively.


Interest on the drawings of partners is treated in the?

  • A.profit and loss appropriation account
  • B.goodwill account
  • C.profit and loss account
  • D.trading account
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2006
Question no.
#0
Type
Objective

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