Crowdly
Add to Chrome
Course 21164
Looking for Course 21164 test answers and solutions? Browse our comprehensive collection of verified answers for Course 21164 at elearning.unam.edu.na.
Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!
Opening inventory of bar stock was N$6,000, purchases were N$30,000, and closing inventory was N$4,000. Cost of sales equals:
0%
100%
0%
0%
View this question
X and Y are in partnership sharing profits and losses in the ratio 2: 1. Z will be admitted with the following new arrangements. Profit and loss sharing ratio will be 2: 1:2 respectively. Goodwill is valued at N$90 000. Z will pay the partners for his share of the goodwill. How much will Z pay X?
0%
100%
0%
0%
View this question
A club received N$90,000 membership fees during the year. Fees received in advance at the beginning of the year were N$4,000 and at the end of the year N$6,000. No fees were outstanding. Membership income for the year is:
0%
0%
100%
0%
View this question
A Trading Account is prepared by a non-profit organisation when it:
0%
100%
0%
0%
View this question
A company as a tax entity will:
0%
100%
0%
0%
View this question
Which items would not be in the appropriation account for a partnership? 1 interest on capital 2 interest on a partner’s loan 3 share of profit on revaluation of assets 4 share of residual profit
100%
0%
0%
0%
View this question
A premium on the redemption of redeemable preference shares as an option of the shareholders, may not be provided for from:
0%
0%
100%
0%
0%
View this question
What is the minimum number of members to form a public company?
0%
100%
0%
0%
View this question
L, M and N are in partnership sharing profits and losses equally. L retired when the credit balances on her capital and current accounts were N$100000 and $40 000.artnership assets were revalued upwards by N$60 000. L took half of the amount due to her on retirement. The other half was left as a loan to the business. How much was L paid from the partnership bank account on her retirement?
0%
100%
0%
0%
View this question
Membership fees outstanding at the beginning of the year were N$8,000 and at the end of the year N$12,000. Cash membership fees received were N$100,000. Membership income for the year equals:
0%
0%
100%
0%
View this question