Post Utme Uniben 2017 Accounting Question 42
Practice objective / multiple choice question 42 from the 2017 Post Utme Uniben Accounting examination.
A company's balance sheet as at 31 December 20X7 is as follows: | Assets | ₦ | Liabilities | ₦ | | --- | --- | --- | --- | | Cash | 10,000 | Debentures | 50,000 | | Bank | 20,000 | Share Capital | 100,000 | | Stock | 30,000 | Profit and Loss | 20,000 | | Total | 60,000 | Total | 180,000 | Calculate the amount of depreciation on the stock for the year ended 31 December 20X7.
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About This Question
This is Post Utme Uniben 2017 Accounting Question 42. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.
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