Use the information below to answer question . Prime cost..................N12 100 lighting....................N10 000 Heating.....................N15 000
FINANCIAL
JAMB 2006
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
Correct Answer: A. profit and loss appropriation account
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