Question on: JAMB Accounting - 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
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Correct Option: A
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