{"subject":"financial_accounting","questions":[{"q":"Sales are ₦60,000 and the cost of goods sold is ₦10,000. Calculate the gross profit.","o":["₦50,000","₦51,000","₦-50,000","₦70,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦22,000 and the cost of goods sold is ₦11,000. Calculate the gross profit.","o":["₦12,000","₦11,000","₦-11,000","₦33,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦41,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦34,000","₦49,000","₦-33,000","₦33,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦48,000 and the cost of goods sold is ₦13,000. Calculate the gross profit.","o":["₦-35,000","₦35,000","₦36,000","₦61,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦77,000 and the cost of goods sold is ₦16,000. Calculate the gross profit.","o":["₦93,000","₦61,000","₦62,000","₦-61,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦28,000 and the cost of goods sold is ₦5,000. Calculate the gross profit.","o":["₦33,000","₦24,000","₦-23,000","₦23,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦31,000 and the cost of goods sold is ₦18,000. Calculate the gross profit.","o":["₦13,000","₦14,000","₦49,000","₦-13,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦31,000 and the cost of goods sold is ₦19,000. Calculate the gross profit.","o":["₦12,000","₦-12,000","₦50,000","₦13,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦46,000 and the cost of goods sold is ₦7,000. Calculate the gross profit.","o":["₦40,000","₦53,000","₦-39,000","₦39,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦41,000 and the cost of goods sold is ₦12,000. Calculate the gross profit.","o":["₦-29,000","₦29,000","₦53,000","₦30,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦75,000 and the cost of goods sold is ₦7,000. Calculate the gross profit.","o":["₦68,000","₦-68,000","₦82,000","₦69,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦88,000 and the cost of goods sold is ₦14,000. Calculate the gross profit.","o":["₦75,000","₦102,000","₦74,000","₦-74,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦85,000 and the cost of goods sold is ₦18,000. Calculate the gross profit.","o":["₦-67,000","₦68,000","₦103,000","₦67,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦72,000 and the cost of goods sold is ₦13,000. Calculate the gross profit.","o":["₦85,000","₦60,000","₦-59,000","₦59,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦38,000 and the cost of goods sold is ₦9,000. Calculate the gross profit.","o":["₦-29,000","₦47,000","₦29,000","₦30,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦53,000 and the cost of goods sold is ₦17,000. Calculate the gross profit.","o":["₦-36,000","₦36,000","₦37,000","₦70,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦58,000 and the cost of goods sold is ₦5,000. Calculate the gross profit.","o":["₦54,000","₦-53,000","₦53,000","₦63,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦78,000 and the cost of goods sold is ₦17,000. Calculate the gross profit.","o":["₦95,000","₦62,000","₦61,000","₦-61,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦39,000 and the cost of goods sold is ₦11,000. Calculate the gross profit.","o":["₦28,000","₦50,000","₦29,000","₦-28,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦20,000 and the cost of goods sold is ₦13,000. Calculate the gross profit.","o":["₦33,000","₦7,000","₦-7,000","₦8,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦47,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦40,000","₦-39,000","₦39,000","₦55,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦48,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦41,000","₦56,000","₦-40,000","₦40,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦54,000 and the cost of goods sold is ₦16,000. Calculate the gross profit.","o":["₦39,000","₦70,000","₦-38,000","₦38,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦60,000 and the cost of goods sold is ₦14,000. Calculate the gross profit.","o":["₦47,000","₦74,000","₦-46,000","₦46,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦24,000 and the cost of goods sold is ₦17,000. Calculate the gross profit.","o":["₦7,000","₦41,000","₦8,000","₦-7,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦65,000 and the cost of goods sold is ₦19,000. Calculate the gross profit.","o":["₦46,000","₦47,000","₦84,000","₦-46,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦86,000 and the cost of goods sold is ₦14,000. Calculate the gross profit.","o":["₦-72,000","₦100,000","₦73,000","₦72,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦80,000 and the cost of goods sold is ₦19,000. Calculate the gross profit.","o":["₦99,000","₦61,000","₦62,000","₦-61,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦32,000 and the cost of goods sold is ₦11,000. Calculate the gross profit.","o":["₦21,000","₦22,000","₦43,000","₦-21,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦56,000 and the cost of goods sold is ₦5,000. Calculate the gross profit.","o":["₦52,000","₦51,000","₦61,000","₦-51,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦33,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦-25,000","₦41,000","₦25,000","₦26,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦20,000 and the cost of goods sold is ₦15,000. Calculate the gross profit.","o":["₦35,000","₦6,000","₦5,000","₦-5,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦42,000 and the cost of goods sold is ₦16,000. Calculate the gross profit.","o":["₦26,000","₦-26,000","₦58,000","₦27,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦75,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦67,000","₦83,000","₦-67,000","₦68,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦72,000 and the cost of goods sold is ₦18,000. Calculate the gross profit.","o":["₦55,000","₦54,000","₦90,000","₦-54,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦29,000 and the cost of goods sold is ₦6,000. Calculate the gross profit.","o":["₦35,000","₦-23,000","₦23,000","₦24,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦59,000 and the cost of goods sold is ₦9,000. Calculate the gross profit.","o":["₦-50,000","₦51,000","₦50,000","₦68,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦75,000 and the cost of goods sold is ₦12,000. Calculate the gross profit.","o":["₦63,000","₦87,000","₦64,000","₦-63,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦30,000 and the cost of goods sold is ₦10,000. Calculate the gross profit.","o":["₦-20,000","₦40,000","₦20,000","₦21,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦90,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦82,000","₦83,000","₦98,000","₦-82,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦29,000 and the cost of goods sold is ₦10,000. Calculate the gross profit.","o":["₦19,000","₦20,000","₦39,000","₦-19,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦81,000 and the cost of goods sold is ₦16,000. Calculate the gross profit.","o":["₦65,000","₦-65,000","₦97,000","₦66,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦71,000 and the cost of goods sold is ₦17,000. Calculate the gross profit.","o":["₦-54,000","₦55,000","₦88,000","₦54,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦85,000 and the cost of goods sold is ₦15,000. Calculate the gross profit.","o":["₦71,000","₦70,000","₦100,000","₦-70,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦84,000 and the cost of goods sold is ₦5,000. Calculate the gross profit.","o":["₦79,000","₦89,000","₦-79,000","₦80,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦32,000 and the cost of goods sold is ₦10,000. Calculate the gross profit.","o":["₦22,000","₦-22,000","₦42,000","₦23,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦87,000 and the cost of goods sold is ₦8,000. Calculate the gross profit.","o":["₦80,000","₦95,000","₦-79,000","₦79,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦66,000 and the cost of goods sold is ₦6,000. Calculate the gross profit.","o":["₦61,000","₦72,000","₦60,000","₦-60,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦70,000 and the cost of goods sold is ₦17,000. Calculate the gross profit.","o":["₦54,000","₦87,000","₦-53,000","₦53,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦64,000 and the cost of goods sold is ₦6,000. Calculate the gross profit.","o":["₦59,000","₦58,000","₦-58,000","₦70,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦76,000 and the cost of goods sold is ₦9,000. Calculate the gross profit.","o":["₦67,000","₦85,000","₦-67,000","₦68,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦40,000 and the cost of goods sold is ₦13,000. Calculate the gross profit.","o":["₦28,000","₦53,000","₦27,000","₦-27,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦54,000 and the cost of goods sold is ₦9,000. Calculate the gross profit.","o":["₦63,000","₦46,000","₦-45,000","₦45,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦67,000 and the cost of goods sold is ₦6,000. Calculate the gross profit.","o":["₦73,000","₦61,000","₦-61,000","₦62,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦53,000 and the cost of goods sold is ₦18,000. Calculate the gross profit.","o":["₦35,000","₦36,000","₦-35,000","₦71,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦22,000 and the cost of goods sold is ₦9,000. Calculate the gross profit.","o":["₦13,000","₦31,000","₦14,000","₦-13,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦66,000 and the cost of goods sold is ₦5,000. Calculate the gross profit.","o":["₦62,000","₦-61,000","₦71,000","₦61,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦84,000 and the cost of goods sold is ₦11,000. Calculate the gross profit.","o":["₦-73,000","₦74,000","₦73,000","₦95,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦84,000 and the cost of goods sold is ₦7,000. Calculate the gross profit.","o":["₦-77,000","₦91,000","₦77,000","₦78,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Sales are ₦49,000 and the cost of goods sold is ₦12,000. Calculate the gross profit.","o":["₦61,000","₦37,000","₦-37,000","₦38,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦77,000 and total expenses are ₦3,000. Find the net profit.","o":["₦74,500","₦-74,000","₦80,000","₦74,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦37,000 and total expenses are ₦13,000. Find the net profit.","o":["₦24,000","₦-24,000","₦50,000","₦24,500"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦41,000 and total expenses are ₦4,000. Find the net profit.","o":["₦37,500","₦-37,000","₦37,000","₦45,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦52,000 and total expenses are ₦13,000. Find the net profit.","o":["₦-39,000","₦39,000","₦39,500","₦65,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦79,000 and total expenses are ₦5,000. Find the net profit.","o":["₦84,000","₦74,500","₦74,000","₦-74,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦81,000 and total expenses are ₦6,000. Find the net profit.","o":["₦-75,000","₦75,000","₦87,000","₦75,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦64,000 and total expenses are ₦8,000. Find the net profit.","o":["₦56,500","₦56,000","₦-56,000","₦72,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦45,000 and total expenses are ₦7,000. Find the net profit.","o":["₦-38,000","₦38,000","₦38,500","₦52,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦51,000 and total expenses are ₦5,000. Find the net profit.","o":["₦46,000","₦-46,000","₦46,500","₦56,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦66,000 and total expenses are ₦12,000. Find the net profit.","o":["₦54,000","₦-54,000","₦54,500","₦78,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦21,000 and total expenses are ₦10,000. Find the net profit.","o":["₦-11,000","₦31,000","₦11,500","₦11,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦88,000 and total expenses are ₦6,000. Find the net profit.","o":["₦82,500","₦82,000","₦-82,000","₦94,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦46,000 and total expenses are ₦5,000. Find the net profit.","o":["₦41,500","₦-41,000","₦41,000","₦51,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦28,000 and total expenses are ₦5,000. Find the net profit.","o":["₦23,500","₦23,000","₦33,000","₦-23,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦57,000 and total expenses are ₦4,000. Find the net profit.","o":["₦53,500","₦53,000","₦-53,000","₦61,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦64,000 and total expenses are ₦11,000. Find the net profit.","o":["₦75,000","₦-53,000","₦53,000","₦53,500"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦78,000 and total expenses are ₦6,000. Find the net profit.","o":["₦72,000","₦84,000","₦-72,000","₦72,500"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦34,000 and total expenses are ₦5,000. Find the net profit.","o":["₦29,500","₦-29,000","₦29,000","₦39,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦83,000 and total expenses are ₦14,000. Find the net profit.","o":["₦69,000","₦69,500","₦-69,000","₦97,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦89,000 and total expenses are ₦11,000. Find the net profit.","o":["₦100,000","₦-78,000","₦78,500","₦78,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦83,000 and total expenses are ₦6,000. Find the net profit.","o":["₦89,000","₦77,500","₦-77,000","₦77,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦47,000 and total expenses are ₦6,000. Find the net profit.","o":["₦-41,000","₦41,500","₦41,000","₦53,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦22,000 and total expenses are ₦10,000. Find the net profit.","o":["₦-12,000","₦32,000","₦12,500","₦12,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦44,000 and total expenses are ₦14,000. Find the net profit.","o":["₦30,500","₦-30,000","₦58,000","₦30,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦21,000 and total expenses are ₦4,000. Find the net profit.","o":["₦25,000","₦17,500","₦-17,000","₦17,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦32,000 and total expenses are ₦12,000. Find the net profit.","o":["₦-20,000","₦44,000","₦20,500","₦20,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦76,000 and total expenses are ₦6,000. Find the net profit.","o":["₦-70,000","₦70,000","₦82,000","₦70,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦30,000 and total expenses are ₦15,000. Find the net profit.","o":["₦45,000","₦15,000","₦-15,000","₦15,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦87,000 and total expenses are ₦11,000. Find the net profit.","o":["₦-76,000","₦76,000","₦98,000","₦76,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦69,000 and total expenses are ₦13,000. Find the net profit.","o":["₦-56,000","₦56,000","₦56,500","₦82,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦54,000 and total expenses are ₦4,000. Find the net profit.","o":["₦-50,000","₦50,000","₦58,000","₦50,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦30,000 and total expenses are ₦2,000. Find the net profit.","o":["₦28,500","₦32,000","₦-28,000","₦28,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦31,000 and total expenses are ₦14,000. Find the net profit.","o":["₦17,000","₦-17,000","₦17,500","₦45,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦86,000 and total expenses are ₦12,000. Find the net profit.","o":["₦74,500","₦74,000","₦-74,000","₦98,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦71,000 and total expenses are ₦10,000. Find the net profit.","o":["₦61,500","₦61,000","₦81,000","₦-61,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦75,000 and total expenses are ₦13,000. Find the net profit.","o":["₦-62,000","₦62,500","₦88,000","₦62,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦72,000 and total expenses are ₦12,000. Find the net profit.","o":["₦60,500","₦60,000","₦84,000","₦-60,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦44,000 and total expenses are ₦15,000. Find the net profit.","o":["₦29,500","₦-29,000","₦59,000","₦29,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦34,000 and total expenses are ₦6,000. Find the net profit.","o":["₦-28,000","₦40,000","₦28,000","₦28,500"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦22,000 and total expenses are ₦13,000. Find the net profit.","o":["₦9,000","₦35,000","₦9,500","₦-9,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦88,000 and total expenses are ₦8,000. Find the net profit.","o":["₦-80,000","₦80,000","₦96,000","₦80,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦59,000 and total expenses are ₦9,000. Find the net profit.","o":["₦50,000","₦68,000","₦-50,000","₦50,500"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦67,000 and total expenses are ₦7,000. Find the net profit.","o":["₦-60,000","₦60,500","₦60,000","₦74,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦71,000 and total expenses are ₦13,000. Find the net profit.","o":["₦58,500","₦-58,000","₦84,000","₦58,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦37,000 and total expenses are ₦2,000. Find the net profit.","o":["₦39,000","₦35,500","₦35,000","₦-35,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦24,000 and total expenses are ₦5,000. Find the net profit.","o":["₦-19,000","₦19,500","₦19,000","₦29,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦28,000 and total expenses are ₦12,000. Find the net profit.","o":["₦40,000","₦16,500","₦-16,000","₦16,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦74,000 and total expenses are ₦10,000. Find the net profit.","o":["₦64,500","₦84,000","₦-64,000","₦64,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦60,000 and total expenses are ₦12,000. Find the net profit.","o":["₦72,000","₦48,500","₦48,000","₦-48,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦34,000 and total expenses are ₦14,000. Find the net profit.","o":["₦48,000","₦-20,000","₦20,000","₦20,500"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦84,000 and total expenses are ₦10,000. Find the net profit.","o":["₦74,500","₦-74,000","₦74,000","₦94,000"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦74,000 and total expenses are ₦12,000. Find the net profit.","o":["₦-62,000","₦62,000","₦86,000","₦62,500"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦67,000 and total expenses are ₦6,000. Find the net profit.","o":["₦-61,000","₦73,000","₦61,000","₦61,500"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦56,000 and total expenses are ₦5,000. Find the net profit.","o":["₦51,500","₦-51,000","₦61,000","₦51,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦77,000 and total expenses are ₦10,000. Find the net profit.","o":["₦67,500","₦67,000","₦-67,000","₦87,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦80,000 and total expenses are ₦4,000. Find the net profit.","o":["₦-76,000","₦76,500","₦84,000","₦76,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦31,000 and total expenses are ₦12,000. Find the net profit.","o":["₦19,500","₦19,000","₦-19,000","₦43,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦61,000 and total expenses are ₦11,000. Find the net profit.","o":["₦50,000","₦50,500","₦-50,000","₦72,000"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦67,000 and total expenses are ₦13,000. Find the net profit.","o":["₦54,500","₦80,000","₦-54,000","₦54,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A trader's gross profit is ₦80,000 and total expenses are ₦10,000. Find the net profit.","o":["₦-70,000","₦90,000","₦70,500","₦70,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"A machine costing ₦500,000 has an estimated residual value of ₦40,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦46,000","₦47,000","₦50,000","₦54,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦340,000 has an estimated residual value of ₦40,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦113,333","₦126,666","₦101,000","₦100,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦730,000 has an estimated residual value of ₦40,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦69,000","₦70,000","₦77,000","₦73,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦720,000 has an estimated residual value of ₦30,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦172,500","₦173,500","₦180,000","₦187,500"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦410,000 has an estimated residual value of ₦50,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦45,000","₦51,250","₦46,000","₦57,500"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦330,000 has an estimated residual value of ₦10,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦41,250","₦40,000","₦41,000","₦42,500"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦620,000 has an estimated residual value of ₦20,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦80,000","₦77,500","₦76,000","₦75,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦290,000 has an estimated residual value of ₦40,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦50,000","₦51,000","₦66,000","₦58,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦530,000 has an estimated residual value of ₦30,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦100,000","₦106,000","₦101,000","₦112,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦780,000 has an estimated residual value of ₦30,000 and a useful life of 6 years. Using the straight-line method, the annual depreciation is","o":["₦126,000","₦125,000","₦135,000","₦130,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦660,000 has an estimated residual value of ₦40,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦63,000","₦62,000","₦70,000","₦66,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦460,000 has an estimated residual value of ₦30,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦49,000","₦46,000","₦43,000","₦44,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦280,000 has an estimated residual value of ₦10,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦27,000","₦29,000","₦28,000","₦2,700,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦190,000 has an estimated residual value of ₦10,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦61,000","₦63,333","₦60,000","₦66,666"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦560,000 has an estimated residual value of ₦20,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦55,000","₦56,000","₦58,000","₦54,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦410,000 has an estimated residual value of ₦50,000 and a useful life of 6 years. Using the straight-line method, the annual depreciation is","o":["₦68,333","₦60,000","₦61,000","₦76,666"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦540,000 has an estimated residual value of ₦30,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦135,000","₦142,500","₦127,500","₦128,500"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦450,000 has an estimated residual value of ₦10,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦4,400,000","₦45,000","₦44,000","₦46,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦790,000 has an estimated residual value of ₦10,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦260,000","₦263,333","₦266,666","₦261,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦810,000 has an estimated residual value of ₦40,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦77,000","₦85,000","₦78,000","₦81,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦760,000 has an estimated residual value of ₦10,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦190,000","₦192,500","₦188,500","₦187,500"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦450,000 has an estimated residual value of ₦40,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦90,000","₦82,000","₦98,000","₦83,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦340,000 has an estimated residual value of ₦10,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦70,000","₦68,000","₦66,000","₦67,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦530,000 has an estimated residual value of ₦30,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦70,000","₦62,500","₦63,500","₦66,250"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦290,000 has an estimated residual value of ₦10,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦60,000","₦58,000","₦56,000","₦57,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦490,000 has an estimated residual value of ₦10,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦50,000","₦48,000","₦49,000","₦4,800,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦480,000 has an estimated residual value of ₦10,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦240,000","₦245,000","₦236,000","₦235,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦630,000 has an estimated residual value of ₦20,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦63,000","₦65,000","₦62,000","₦61,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦580,000 has an estimated residual value of ₦10,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦59,000","₦57,000","₦5,700,000","₦58,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦280,000 has an estimated residual value of ₦50,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦24,000","₦28,000","₦33,000","₦23,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦150,000 has an estimated residual value of ₦30,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦90,000","₦60,000","₦75,000","₦61,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦650,000 has an estimated residual value of ₦50,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦60,000","₦70,000","₦61,000","₦65,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦110,000 has an estimated residual value of ₦20,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦46,000","₦45,000","₦55,000","₦65,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦140,000 has an estimated residual value of ₦30,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦11,000","₦14,000","₦12,000","₦17,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦660,000 has an estimated residual value of ₦50,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦82,500","₦76,250","₦77,250","₦88,750"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦240,000 has an estimated residual value of ₦20,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦26,000","₦22,000","₦23,000","₦24,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦650,000 has an estimated residual value of ₦20,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦223,333","₦216,666","₦211,000","₦210,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦700,000 has an estimated residual value of ₦40,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦221,000","₦220,000","₦246,666","₦233,333"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦210,000 has an estimated residual value of ₦20,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦39,000","₦38,000","₦42,000","₦46,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦600,000 has an estimated residual value of ₦10,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦60,000","₦61,000","₦59,000","₦5,900,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦520,000 has an estimated residual value of ₦30,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦98,000","₦110,000","₦99,000","₦104,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦630,000 has an estimated residual value of ₦10,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦126,000","₦124,000","₦125,000","₦128,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦350,000 has an estimated residual value of ₦10,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦171,000","₦175,000","₦180,000","₦170,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦510,000 has an estimated residual value of ₦20,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦98,000","₦99,000","₦106,000","₦102,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦800,000 has an estimated residual value of ₦50,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦375,000","₦425,000","₦400,000","₦376,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦870,000 has an estimated residual value of ₦30,000 and a useful life of 6 years. Using the straight-line method, the annual depreciation is","o":["₦140,000","₦141,000","₦145,000","₦150,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦240,000 has an estimated residual value of ₦30,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦106,000","₦135,000","₦120,000","₦105,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦100,000 has an estimated residual value of ₦30,000 and a useful life of 10 years. Using the straight-line method, the annual depreciation is","o":["₦10,000","₦13,000","₦7,000","₦8,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦880,000 has an estimated residual value of ₦50,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦208,500","₦220,000","₦207,500","₦232,500"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦650,000 has an estimated residual value of ₦50,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦76,000","₦81,250","₦75,000","₦87,500"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦730,000 has an estimated residual value of ₦10,000 and a useful life of 3 years. Using the straight-line method, the annual depreciation is","o":["₦243,333","₦246,666","₦240,000","₦241,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦150,000 has an estimated residual value of ₦10,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦17,500","₦18,750","₦20,000","₦18,500"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦610,000 has an estimated residual value of ₦50,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦165,000","₦140,000","₦141,000","₦152,500"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦110,000 has an estimated residual value of ₦10,000 and a useful life of 5 years. Using the straight-line method, the annual depreciation is","o":["₦24,000","₦20,000","₦21,000","₦22,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦290,000 has an estimated residual value of ₦40,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦32,250","₦36,250","₦31,250","₦41,250"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦840,000 has an estimated residual value of ₦10,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦212,500","₦208,500","₦207,500","₦210,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦170,000 has an estimated residual value of ₦40,000 and a useful life of 2 years. Using the straight-line method, the annual depreciation is","o":["₦105,000","₦85,000","₦66,000","₦65,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦800,000 has an estimated residual value of ₦20,000 and a useful life of 8 years. Using the straight-line method, the annual depreciation is","o":["₦102,500","₦98,500","₦97,500","₦100,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦260,000 has an estimated residual value of ₦20,000 and a useful life of 6 years. Using the straight-line method, the annual depreciation is","o":["₦40,000","₦41,000","₦46,666","₦43,333"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"A machine costing ₦560,000 has an estimated residual value of ₦10,000 and a useful life of 4 years. Using the straight-line method, the annual depreciation is","o":["₦138,500","₦140,000","₦142,500","₦137,500"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦180,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦135,000","₦45,000","₦90,000","₦225,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦210,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦52,500","₦262,500","₦157,500","₦105,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦250,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦200,000","₦150,000","₦300,000","₦50,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦500,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦600,000","₦400,000","₦100,000","₦300,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦250,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦187,500","₦312,500","₦125,000","₦62,500"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦100,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦80,000","₦10,000","₦110,000","₦90,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦330,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦33,000","₦264,000","₦297,000","₦363,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦450,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦360,000","₦45,000","₦405,000","₦495,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦360,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦288,000","₦36,000","₦396,000","₦324,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦240,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦60,000","₦180,000","₦300,000","₦120,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦270,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦216,000","₦27,000","₦297,000","₦243,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦320,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦192,000","₦64,000","₦256,000","₦384,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦480,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦384,000","₦528,000","₦432,000","₦48,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦140,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦126,000","₦154,000","₦112,000","₦14,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦370,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦462,500","₦185,000","₦277,500","₦92,500"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦350,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦35,000","₦385,000","₦280,000","₦315,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦180,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦198,000","₦162,000","₦18,000","₦144,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦350,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦87,500","₦175,000","₦437,500","₦262,500"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦420,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦84,000","₦252,000","₦336,000","₦504,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦170,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦85,000","₦127,500","₦212,500","₦42,500"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦380,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦95,000","₦285,000","₦190,000","₦475,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦360,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦288,000","₦216,000","₦72,000","₦432,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦240,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦48,000","₦192,000","₦144,000","₦288,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦350,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦420,000","₦280,000","₦210,000","₦70,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦340,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦204,000","₦272,000","₦68,000","₦408,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦70,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦63,000","₦56,000","₦77,000","₦7,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦210,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦252,000","₦126,000","₦168,000","₦42,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦410,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦369,000","₦328,000","₦451,000","₦41,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦130,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦32,500","₦162,500","₦65,000","₦97,500"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦450,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦540,000","₦360,000","₦270,000","₦90,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦120,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦96,000","₦144,000","₦72,000","₦24,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦300,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦330,000","₦270,000","₦240,000","₦30,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦210,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦21,000","₦168,000","₦189,000","₦231,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦430,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦537,500","₦107,500","₦322,500","₦215,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦60,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦48,000","₦54,000","₦66,000","₦6,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦280,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦350,000","₦210,000","₦140,000","₦70,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦460,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦115,000","₦230,000","₦345,000","₦575,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦440,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦396,000","₦484,000","₦352,000","₦44,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦470,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦564,000","₦376,000","₦282,000","₦94,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦150,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦37,500","₦112,500","₦75,000","₦187,500"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦470,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦352,500","₦587,500","₦117,500","₦235,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦430,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦258,000","₦344,000","₦86,000","₦516,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦200,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦180,000","₦220,000","₦20,000","₦160,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦60,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦36,000","₦12,000","₦72,000","₦48,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦390,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦195,000","₦487,500","₦292,500","₦97,500"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦490,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦294,000","₦588,000","₦98,000","₦392,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦430,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦344,000","₦473,000","₦387,000","₦43,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦120,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦12,000","₦132,000","₦108,000","₦96,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦230,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦207,000","₦23,000","₦253,000","₦184,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦390,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦39,000","₦351,000","₦312,000","₦429,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦320,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦240,000","₦400,000","₦80,000","₦160,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦220,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦176,000","₦198,000","₦242,000","₦22,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦290,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦58,000","₦348,000","₦232,000","₦174,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦100,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦60,000","₦120,000","₦20,000","₦80,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦140,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦175,000","₦70,000","₦35,000","₦105,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦110,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦66,000","₦132,000","₦22,000","₦88,000"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦60,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦15,000","₦30,000","₦45,000","₦75,000"],"a":2,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦420,000 is depreciated at 10% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦378,000","₦462,000","₦336,000","₦42,000"],"a":0,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦410,000 is depreciated at 20% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦82,000","₦328,000","₦246,000","₦492,000"],"a":1,"t":"Depreciation","d":"Medium"},{"q":"An asset costing ₦490,000 is depreciated at 25% per annum on the reducing balance method. What is its book value at the end of the first year?","o":["₦612,500","₦245,000","₦122,500","₦367,500"],"a":3,"t":"Depreciation","d":"Medium"},{"q":"A business has assets of ₦37,000 and liabilities of ₦19,000. Using the accounting equation, its capital is","o":["₦37,000","₦18,000","₦-18,000","₦56,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦88,000 and liabilities of ₦13,000. Using the accounting equation, its capital is","o":["₦101,000","₦75,000","₦88,000","₦-75,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦53,000 and liabilities of ₦19,000. Using the accounting equation, its capital is","o":["₦53,000","₦72,000","₦34,000","₦-34,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦25,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦25,000","₦31,000","₦19,000","₦-19,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦80,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦63,000","₦-63,000","₦97,000","₦80,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦63,000 and liabilities of ₦5,000. Using the accounting equation, its capital is","o":["₦58,000","₦-58,000","₦63,000","₦68,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦83,000 and liabilities of ₦16,000. Using the accounting equation, its capital is","o":["₦67,000","₦83,000","₦-67,000","₦99,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦82,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦-76,000","₦76,000","₦82,000","₦88,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦55,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦38,000","₦72,000","₦-38,000","₦55,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦76,000 and liabilities of ₦7,000. Using the accounting equation, its capital is","o":["₦69,000","₦-69,000","₦76,000","₦83,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦51,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦51,000","₦34,000","₦-34,000","₦68,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦66,000 and liabilities of ₦11,000. Using the accounting equation, its capital is","o":["₦77,000","₦55,000","₦66,000","₦-55,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦86,000 and liabilities of ₦14,000. Using the accounting equation, its capital is","o":["₦100,000","₦86,000","₦72,000","₦-72,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦77,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦94,000","₦77,000","₦-60,000","₦60,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦84,000 and liabilities of ₦7,000. Using the accounting equation, its capital is","o":["₦91,000","₦-77,000","₦84,000","₦77,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦27,000 and liabilities of ₦5,000. Using the accounting equation, its capital is","o":["₦32,000","₦27,000","₦22,000","₦-22,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦87,000 and liabilities of ₦16,000. Using the accounting equation, its capital is","o":["₦103,000","₦87,000","₦-71,000","₦71,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦55,000 and liabilities of ₦13,000. Using the accounting equation, its capital is","o":["₦68,000","₦-42,000","₦42,000","₦55,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦89,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦81,000","₦-81,000","₦97,000","₦89,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦63,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦57,000","₦63,000","₦-57,000","₦69,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦29,000 and liabilities of ₦7,000. Using the accounting equation, its capital is","o":["₦-22,000","₦36,000","₦29,000","₦22,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦56,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦-50,000","₦50,000","₦62,000","₦56,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦56,000 and liabilities of ₦12,000. Using the accounting equation, its capital is","o":["₦-44,000","₦68,000","₦44,000","₦56,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦56,000 and liabilities of ₦15,000. Using the accounting equation, its capital is","o":["₦-41,000","₦71,000","₦56,000","₦41,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦24,000 and liabilities of ₦14,000. Using the accounting equation, its capital is","o":["₦24,000","₦38,000","₦-10,000","₦10,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦62,000 and liabilities of ₦15,000. Using the accounting equation, its capital is","o":["₦77,000","₦47,000","₦-47,000","₦62,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦20,000 and liabilities of ₦12,000. Using the accounting equation, its capital is","o":["₦20,000","₦32,000","₦-8,000","₦8,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦47,000 and liabilities of ₦12,000. Using the accounting equation, its capital is","o":["₦59,000","₦47,000","₦35,000","₦-35,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦50,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦-42,000","₦50,000","₦58,000","₦42,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦80,000 and liabilities of ₦7,000. Using the accounting equation, its capital is","o":["₦73,000","₦-73,000","₦80,000","₦87,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦47,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦-30,000","₦30,000","₦47,000","₦64,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦90,000 and liabilities of ₦9,000. Using the accounting equation, its capital is","o":["₦81,000","₦99,000","₦-81,000","₦90,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦88,000 and liabilities of ₦14,000. Using the accounting equation, its capital is","o":["₦-74,000","₦74,000","₦88,000","₦102,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦63,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦63,000","₦-55,000","₦71,000","₦55,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦23,000 and liabilities of ₦14,000. Using the accounting equation, its capital is","o":["₦37,000","₦9,000","₦-9,000","₦23,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦67,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦84,000","₦50,000","₦-50,000","₦67,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦53,000 and liabilities of ₦15,000. Using the accounting equation, its capital is","o":["₦68,000","₦53,000","₦-38,000","₦38,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦72,000 and liabilities of ₦10,000. Using the accounting equation, its capital is","o":["₦72,000","₦-62,000","₦62,000","₦82,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦28,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦-22,000","₦34,000","₦22,000","₦28,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦25,000 and liabilities of ₦7,000. Using the accounting equation, its capital is","o":["₦-18,000","₦32,000","₦18,000","₦25,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦66,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦-58,000","₦66,000","₦58,000","₦74,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦22,000 and liabilities of ₦19,000. Using the accounting equation, its capital is","o":["₦-3,000","₦41,000","₦22,000","₦3,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦81,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦89,000","₦73,000","₦81,000","₦-73,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦41,000 and liabilities of ₦16,000. Using the accounting equation, its capital is","o":["₦25,000","₦41,000","₦57,000","₦-25,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦52,000 and liabilities of ₦16,000. Using the accounting equation, its capital is","o":["₦52,000","₦-36,000","₦68,000","₦36,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦73,000 and liabilities of ₦8,000. Using the accounting equation, its capital is","o":["₦81,000","₦-65,000","₦65,000","₦73,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦30,000 and liabilities of ₦13,000. Using the accounting equation, its capital is","o":["₦17,000","₦-17,000","₦30,000","₦43,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦49,000 and liabilities of ₦15,000. Using the accounting equation, its capital is","o":["₦64,000","₦49,000","₦34,000","₦-34,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦28,000 and liabilities of ₦13,000. Using the accounting equation, its capital is","o":["₦41,000","₦15,000","₦-15,000","₦28,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦78,000 and liabilities of ₦14,000. Using the accounting equation, its capital is","o":["₦-64,000","₦92,000","₦78,000","₦64,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦57,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦40,000","₦74,000","₦57,000","₦-40,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦43,000 and liabilities of ₦19,000. Using the accounting equation, its capital is","o":["₦24,000","₦-24,000","₦62,000","₦43,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦44,000 and liabilities of ₦10,000. Using the accounting equation, its capital is","o":["₦54,000","₦44,000","₦34,000","₦-34,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦78,000 and liabilities of ₦17,000. Using the accounting equation, its capital is","o":["₦61,000","₦78,000","₦95,000","₦-61,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦31,000 and liabilities of ₦12,000. Using the accounting equation, its capital is","o":["₦31,000","₦43,000","₦19,000","₦-19,000"],"a":2,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦44,000 and liabilities of ₦18,000. Using the accounting equation, its capital is","o":["₦62,000","₦26,000","₦44,000","₦-26,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦21,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦-15,000","₦21,000","₦27,000","₦15,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦55,000 and liabilities of ₦9,000. Using the accounting equation, its capital is","o":["₦64,000","₦-46,000","₦55,000","₦46,000"],"a":3,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦75,000 and liabilities of ₦6,000. Using the accounting equation, its capital is","o":["₦75,000","₦69,000","₦81,000","₦-69,000"],"a":1,"t":"Accounting Equation","d":"Easy"},{"q":"A business has assets of ₦68,000 and liabilities of ₦5,000. Using the accounting equation, its capital is","o":["₦63,000","₦68,000","₦73,000","₦-63,000"],"a":0,"t":"Accounting Equation","d":"Easy"},{"q":"Current assets are ₦15,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["5.00:1","3.00:1","0.40:1","2.50:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦13,000. Calculate the current ratio.","o":["0.81:1","1.73:1","1.23:1","2.46:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦5,000 and current liabilities are ₦7,000. Calculate the current ratio.","o":["1.40:1","0.71:1","1.43:1","1.21:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦13,000 and current liabilities are ₦15,000. Calculate the current ratio.","o":["0.87:1","1.73:1","1.37:1","1.15:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦6,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["1.17:1","0.67:1","1.50:1","1.33:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦20,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["3.83:1","3.33:1","6.67:1","0.30:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["2.17:1","3.33:1","0.60:1","1.67:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["3.67:1","6.33:1","3.17:1","0.32:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦12,000 and current liabilities are ₦5,000. Calculate the current ratio.","o":["2.40:1","0.42:1","2.90:1","4.80:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["1.33:1","1.83:1","0.75:1","2.67:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦4,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["0.44:1","2.25:1","0.89:1","0.94:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦10,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["0.90:1","1.11:1","1.61:1","2.22:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦5,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["0.83:1","1.20:1","1.67:1","1.33:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦10,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["1.20:1","1.33:1","1.67:1","0.83:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦6,000 and current liabilities are ₦3,000. Calculate the current ratio.","o":["4.00:1","2.50:1","0.50:1","2.00:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦11,000. Calculate the current ratio.","o":["0.73:1","1.36:1","1.86:1","2.73:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦7,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["1.67:1","2.33:1","0.86:1","1.17:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦18,000 and current liabilities are ₦14,000. Calculate the current ratio.","o":["2.57:1","1.29:1","1.79:1","0.78:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦11,000 and current liabilities are ₦4,000. Calculate the current ratio.","o":["5.50:1","0.36:1","3.25:1","2.75:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦7,000 and current liabilities are ₦8,000. Calculate the current ratio.","o":["0.88:1","1.38:1","1.75:1","1.14:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦14,000 and current liabilities are ₦15,000. Calculate the current ratio.","o":["1.43:1","0.93:1","1.07:1","1.87:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦4,000 and current liabilities are ₦10,000. Calculate the current ratio.","o":["0.40:1","2.50:1","0.80:1","0.90:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦8,000 and current liabilities are ₦3,000. Calculate the current ratio.","o":["2.67:1","0.38:1","3.17:1","5.33:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦8,000. Calculate the current ratio.","o":["2.50:1","4.00:1","2.00:1","0.50:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦14,000. Calculate the current ratio.","o":["0.93:1","2.14:1","1.07:1","1.57:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦5,000 and current liabilities are ₦11,000. Calculate the current ratio.","o":["0.91:1","0.95:1","0.45:1","2.20:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦17,000 and current liabilities are ₦11,000. Calculate the current ratio.","o":["1.55:1","0.65:1","2.05:1","3.09:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦5,000 and current liabilities are ₦8,000. Calculate the current ratio.","o":["1.12:1","1.60:1","0.62:1","1.25:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦10,000. Calculate the current ratio.","o":["2.00:1","0.67:1","1.50:1","3.00:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦2,000. Calculate the current ratio.","o":["9.50:1","10.00:1","0.11:1","19.00:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦9,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["2.00:1","3.00:1","1.50:1","0.67:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦20,000 and current liabilities are ₦15,000. Calculate the current ratio.","o":["2.67:1","1.83:1","0.75:1","1.33:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦13,000 and current liabilities are ₦7,000. Calculate the current ratio.","o":["3.71:1","2.36:1","1.86:1","0.54:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦11,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["2.33:1","3.67:1","1.83:1","0.55:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦15,000. Calculate the current ratio.","o":["1.50:1","2.00:1","1.00:1","0.70:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦7,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["1.08:1","1.17:1","0.58:1","1.71:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦12,000 and current liabilities are ₦13,000. Calculate the current ratio.","o":["1.08:1","0.92:1","1.85:1","1.42:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦7,000. Calculate the current ratio.","o":["0.44:1","2.29:1","4.57:1","2.79:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦14,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["0.86:1","1.67:1","2.33:1","1.17:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦17,000 and current liabilities are ₦8,000. Calculate the current ratio.","o":["2.12:1","0.47:1","2.62:1","4.25:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦7,000 and current liabilities are ₦10,000. Calculate the current ratio.","o":["1.43:1","1.40:1","0.70:1","1.20:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦4,000 and current liabilities are ₦3,000. Calculate the current ratio.","o":["1.33:1","2.67:1","1.83:1","0.75:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦14,000 and current liabilities are ₦13,000. Calculate the current ratio.","o":["1.58:1","2.15:1","0.93:1","1.08:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦11,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["0.82:1","1.22:1","1.72:1","2.44:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦14,000. Calculate the current ratio.","o":["2.71:1","1.36:1","0.74:1","1.86:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦15,000. Calculate the current ratio.","o":["0.79:1","1.77:1","1.27:1","2.53:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦11,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["1.09:1","0.92:1","1.42:1","1.83:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦13,000 and current liabilities are ₦5,000. Calculate the current ratio.","o":["0.38:1","3.10:1","2.60:1","5.20:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦14,000. Calculate the current ratio.","o":["0.88:1","1.64:1","2.29:1","1.14:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦20,000 and current liabilities are ₦5,000. Calculate the current ratio.","o":["8.00:1","4.00:1","4.50:1","0.25:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦14,000 and current liabilities are ₦9,000. Calculate the current ratio.","o":["3.11:1","1.56:1","2.06:1","0.64:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦13,000. Calculate the current ratio.","o":["1.96:1","1.46:1","2.92:1","0.68:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦8,000 and current liabilities are ₦10,000. Calculate the current ratio.","o":["1.30:1","0.80:1","1.25:1","1.60:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦15,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["2.50:1","1.25:1","0.80:1","1.75:1"],"a":1,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦8,000 and current liabilities are ₦2,000. Calculate the current ratio.","o":["0.25:1","4.50:1","4.00:1","8.00:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦10,000 and current liabilities are ₦8,000. Calculate the current ratio.","o":["1.75:1","2.50:1","1.25:1","0.80:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦17,000 and current liabilities are ₦7,000. Calculate the current ratio.","o":["2.43:1","4.86:1","0.41:1","2.93:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦19,000 and current liabilities are ₦12,000. Calculate the current ratio.","o":["1.58:1","3.17:1","0.63:1","2.08:1"],"a":0,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦6,000 and current liabilities are ₦6,000. Calculate the current ratio.","o":["2.00:1","0.70:1","1.50:1","1.00:1"],"a":3,"t":"Ratios","d":"Medium"},{"q":"Current assets are ₦16,000 and current liabilities are ₦4,000. Calculate the current ratio.","o":["0.25:1","8.00:1","4.00:1","4.50:1"],"a":2,"t":"Ratios","d":"Medium"},{"q":"Goods costing ₦3,200 are sold at a mark-up of 25% on cost. The selling price is","o":["₦2,400","₦3,225","₦800","₦4,000"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,900 are sold at a mark-up of 20% on cost. The selling price is","o":["₦3,120","₦780","₦3,920","₦4,680"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,100 are sold at a mark-up of 50% on cost. The selling price is","o":["₦6,150","₦4,150","₦2,050","₦6,560"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,700 are sold at a mark-up of 50% on cost. The selling price is","o":["₦7,520","₦4,750","₦7,050","₦2,350"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,000 are sold at a mark-up of 20% on cost. The selling price is","o":["₦1,020","₦1,200","₦800","₦200"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,700 are sold at a mark-up of 20% on cost. The selling price is","o":["₦3,720","₦2,960","₦4,440","₦740"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦400 are sold at a mark-up of 20% on cost. The selling price is","o":["₦420","₦480","₦80","₦320"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦700 are sold at a mark-up of 20% on cost. The selling price is","o":["₦560","₦140","₦720","₦840"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,100 are sold at a mark-up of 20% on cost. The selling price is","o":["₦2,120","₦1,680","₦2,520","₦420"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,800 are sold at a mark-up of 10% on cost. The selling price is","o":["₦4,320","₦4,810","₦5,280","₦480"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,600 are sold at a mark-up of 10% on cost. The selling price is","o":["₦1,760","₦160","₦1,440","₦1,610"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,800 are sold at a mark-up of 25% on cost. The selling price is","o":["₦4,825","₦1,200","₦6,000","₦3,600"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦600 are sold at a mark-up of 25% on cost. The selling price is","o":["₦750","₦150","₦625","₦450"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,300 are sold at a mark-up of 10% on cost. The selling price is","o":["₦330","₦3,310","₦3,630","₦2,970"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦600 are sold at a mark-up of 50% on cost. The selling price is","o":["₦900","₦960","₦300","₦650"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,900 are sold at a mark-up of 20% on cost. The selling price is","o":["₦580","₦2,920","₦3,480","₦2,320"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,700 are sold at a mark-up of 50% on cost. The selling price is","o":["₦4,320","₦2,750","₦1,350","₦4,050"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,000 are sold at a mark-up of 50% on cost. The selling price is","o":["₦4,800","₦1,500","₦3,050","₦4,500"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦500 are sold at a mark-up of 50% on cost. The selling price is","o":["₦250","₦750","₦550","₦800"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,800 are sold at a mark-up of 20% on cost. The selling price is","o":["₦3,360","₦560","₦2,820","₦2,240"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,800 are sold at a mark-up of 10% on cost. The selling price is","o":["₦3,810","₦380","₦3,420","₦4,180"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,300 are sold at a mark-up of 20% on cost. The selling price is","o":["₦2,320","₦460","₦2,760","₦1,840"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,100 are sold at a mark-up of 20% on cost. The selling price is","o":["₦220","₦1,120","₦880","₦1,320"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦500 are sold at a mark-up of 10% on cost. The selling price is","o":["₦550","₦450","₦50","₦510"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,000 are sold at a mark-up of 25% on cost. The selling price is","o":["₦4,025","₦5,000","₦3,000","₦1,000"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,300 are sold at a mark-up of 50% on cost. The selling price is","o":["₦1,150","₦2,350","₦3,450","₦3,680"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦5,000 are sold at a mark-up of 50% on cost. The selling price is","o":["₦8,000","₦7,500","₦2,500","₦5,050"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦800 are sold at a mark-up of 50% on cost. The selling price is","o":["₦1,200","₦400","₦850","₦1,280"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,600 are sold at a mark-up of 20% on cost. The selling price is","o":["₦920","₦5,520","₦3,680","₦4,620"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,000 are sold at a mark-up of 50% on cost. The selling price is","o":["₦1,500","₦1,050","₦1,600","₦500"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,300 are sold at a mark-up of 25% on cost. The selling price is","o":["₦3,225","₦1,075","₦4,325","₦5,375"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,900 are sold at a mark-up of 10% on cost. The selling price is","o":["₦390","₦3,910","₦4,290","₦3,510"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,600 are sold at a mark-up of 10% on cost. The selling price is","o":["₦360","₦3,960","₦3,240","₦3,610"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,200 are sold at a mark-up of 10% on cost. The selling price is","o":["₦1,320","₦120","₦1,210","₦1,080"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,100 are sold at a mark-up of 50% on cost. The selling price is","o":["₦4,650","₦4,960","₦1,550","₦3,150"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,600 are sold at a mark-up of 25% on cost. The selling price is","o":["₦2,700","₦4,500","₦900","₦3,625"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,200 are sold at a mark-up of 10% on cost. The selling price is","o":["₦220","₦1,980","₦2,420","₦2,210"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦300 are sold at a mark-up of 20% on cost. The selling price is","o":["₦360","₦320","₦60","₦240"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,900 are sold at a mark-up of 25% on cost. The selling price is","o":["₦2,175","₦2,925","₦3,625","₦725"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,700 are sold at a mark-up of 10% on cost. The selling price is","o":["₦1,870","₦1,710","₦170","₦1,530"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,200 are sold at a mark-up of 25% on cost. The selling price is","o":["₦550","₦2,750","₦2,225","₦1,650"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,300 are sold at a mark-up of 10% on cost. The selling price is","o":["₦130","₦1,170","₦1,430","₦1,310"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,400 are sold at a mark-up of 25% on cost. The selling price is","o":["₦1,750","₦1,050","₦1,425","₦350"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,100 are sold at a mark-up of 25% on cost. The selling price is","o":["₦825","₦1,375","₦1,125","₦275"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,800 are sold at a mark-up of 10% on cost. The selling price is","o":["₦1,810","₦1,620","₦180","₦1,980"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,700 are sold at a mark-up of 20% on cost. The selling price is","o":["₦2,720","₦3,240","₦2,160","₦540"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦900 are sold at a mark-up of 20% on cost. The selling price is","o":["₦920","₦180","₦1,080","₦720"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,800 are sold at a mark-up of 25% on cost. The selling price is","o":["₦2,250","₦450","₦1,350","₦1,825"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,300 are sold at a mark-up of 25% on cost. The selling price is","o":["₦1,625","₦1,325","₦975","₦325"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦700 are sold at a mark-up of 10% on cost. The selling price is","o":["₦770","₦630","₦710","₦70"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,000 are sold at a mark-up of 50% on cost. The selling price is","o":["₦2,050","₦1,000","₦3,000","₦3,200"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,900 are sold at a mark-up of 10% on cost. The selling price is","o":["₦2,610","₦2,910","₦3,190","₦290"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦200 are sold at a mark-up of 50% on cost. The selling price is","o":["₦300","₦100","₦320","₦250"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦2,600 are sold at a mark-up of 25% on cost. The selling price is","o":["₦3,250","₦650","₦1,950","₦2,625"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦3,400 are sold at a mark-up of 20% on cost. The selling price is","o":["₦2,720","₦3,420","₦4,080","₦680"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦1,600 are sold at a mark-up of 25% on cost. The selling price is","o":["₦1,200","₦2,000","₦400","₦1,625"],"a":1,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦200 are sold at a mark-up of 25% on cost. The selling price is","o":["₦250","₦225","₦150","₦50"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦400 are sold at a mark-up of 50% on cost. The selling price is","o":["₦640","₦450","₦600","₦200"],"a":2,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦200 are sold at a mark-up of 10% on cost. The selling price is","o":["₦220","₦180","₦210","₦20"],"a":0,"t":"Final Accounts","d":"Easy"},{"q":"Goods costing ₦4,300 are sold at a mark-up of 10% on cost. The selling price is","o":["₦3,870","₦4,310","₦430","₦4,730"],"a":3,"t":"Final Accounts","d":"Easy"},{"q":"The cash book balance is ₦74,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦2,000. What is the balance per bank statement?","o":["₦84,000","₦80,000","₦68,000","₦64,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦40,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦50,000","₦32,000","₦30,000","₦48,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦31,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦46,000","₦16,000","₦28,000","₦34,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦67,000. Unpresented cheques total ₦2,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦68,000","₦64,000","₦66,000","₦70,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦75,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦86,000","₦72,000","₦64,000","₦78,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦15,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦14,000","₦2,000","₦28,000","₦16,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦10,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦21,000","₦-1,000","₦7,000","₦13,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦27,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦24,000","₦32,000","₦30,000","₦22,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦47,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦40,000","₦42,000","₦52,000","₦54,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦57,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦3,000. What is the balance per bank statement?","o":["₦63,000","₦51,000","₦69,000","₦45,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦29,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦13,000","₦27,000","₦45,000","₦31,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦28,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦41,000","₦29,000","₦15,000","₦27,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦56,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦2,000. What is the balance per bank statement?","o":["₦62,000","₦46,000","₦66,000","₦50,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦46,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦33,000","₦59,000","₦47,000","₦45,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦59,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦5,000. What is the balance per bank statement?","o":["₦58,000","₦60,000","₦48,000","₦70,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦57,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦70,000","₦56,000","₦58,000","₦44,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦77,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦75,000","₦65,000","₦89,000","₦79,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦43,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦54,000","₦40,000","₦32,000","₦46,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦50,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦52,000","₦48,000","₦40,000","₦60,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦87,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦3,000. What is the balance per bank statement?","o":["₦90,000","₦84,000","₦78,000","₦96,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦69,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦60,000","₦62,000","₦78,000","₦76,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦25,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦2,000. What is the balance per bank statement?","o":["₦18,000","₦36,000","₦32,000","₦14,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦55,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦5,000. What is the balance per bank statement?","o":["₦41,000","₦51,000","₦69,000","₦59,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦47,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦3,000. What is the balance per bank statement?","o":["₦41,000","₦35,000","₦53,000","₦59,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦30,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦35,000","₦23,000","₦37,000","₦25,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦47,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦5,000. What is the balance per bank statement?","o":["₦38,000","₦56,000","₦46,000","₦48,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦20,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦7,000","₦15,000","₦33,000","₦25,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦83,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦96,000","₦88,000","₦70,000","₦78,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦42,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦46,000","₦38,000","₦30,000","₦54,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦64,000. Unpresented cheques total ₦2,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦65,000","₦61,000","₦67,000","₦63,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦30,000. Unpresented cheques total ₦2,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦29,000","₦31,000","₦27,000","₦33,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦58,000. Unpresented cheques total ₦1,000 and uncredited deposits total ₦2,000. What is the balance per bank statement?","o":["₦59,000","₦61,000","₦55,000","₦57,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦73,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦86,000","₦60,000","₦72,000","₦74,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦49,000. Unpresented cheques total ₦1,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦44,000","₦42,000","₦56,000","₦54,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦26,000. Unpresented cheques total ₦1,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦23,000","₦29,000","₦21,000","₦31,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦74,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦87,000","₦69,000","₦79,000","₦61,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦30,000. Unpresented cheques total ₦1,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦35,000","₦37,000","₦23,000","₦25,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦59,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦72,000","₦56,000","₦46,000","₦62,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦61,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦46,000","₦58,000","₦64,000","₦76,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦59,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦58,000","₦74,000","₦44,000","₦60,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦34,000. Unpresented cheques total ₦3,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦45,000","₦39,000","₦29,000","₦23,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦14,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦11,000","₦17,000","₦1,000","₦27,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦65,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦5,000. What is the balance per bank statement?","o":["₦56,000","₦66,000","₦74,000","₦64,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦57,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦54,000","₦60,000","₦70,000","₦44,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦67,000. Unpresented cheques total ₦3,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦74,000","₦60,000","₦66,000","₦68,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦73,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦60,000","₦78,000","₦86,000","₦68,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦38,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦51,000","₦43,000","₦25,000","₦33,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦41,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦51,000","₦31,000","₦39,000","₦43,000"],"a":2,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦45,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦5,000. What is the balance per bank statement?","o":["₦46,000","₦44,000","₦36,000","₦54,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦66,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦70,000","₦54,000","₦78,000","₦62,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦54,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦6,000. What is the balance per bank statement?","o":["₦65,000","₦53,000","₦43,000","₦55,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦53,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦50,000","₦64,000","₦42,000","₦56,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦65,000. Unpresented cheques total ₦4,000 and uncredited deposits total ₦9,000. What is the balance per bank statement?","o":["₦60,000","₦70,000","₦78,000","₦52,000"],"a":0,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦46,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦37,000","₦47,000","₦45,000","₦55,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦14,000. Unpresented cheques total ₦5,000 and uncredited deposits total ₦7,000. What is the balance per bank statement?","o":["₦16,000","₦12,000","₦26,000","₦2,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦10,000. Unpresented cheques total ₦9,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦5,000","₦-3,000","₦23,000","₦15,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦56,000. Unpresented cheques total ₦7,000 and uncredited deposits total ₦4,000. What is the balance per bank statement?","o":["₦67,000","₦59,000","₦45,000","₦53,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦69,000. Unpresented cheques total ₦3,000 and uncredited deposits total ₦2,000. What is the balance per bank statement?","o":["₦74,000","₦70,000","₦64,000","₦68,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦28,000. Unpresented cheques total ₦6,000 and uncredited deposits total ₦8,000. What is the balance per bank statement?","o":["₦42,000","₦30,000","₦14,000","₦26,000"],"a":3,"t":"Bank Reconciliation","d":"Hard"},{"q":"The cash book balance is ₦77,000. Unpresented cheques total ₦8,000 and uncredited deposits total ₦1,000. What is the balance per bank statement?","o":["₦68,000","₦84,000","₦86,000","₦70,000"],"a":1,"t":"Bank Reconciliation","d":"Hard"},{"q":"The Cash book is used to","o":["Records goods returned to suppliers","Records cash and bank receipts and payments","Records credit sales","Checks the arithmetical accuracy of the ledger"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records cash and bank receipts and payments?","o":["Cash book","Petty cash book","Returns outwards journal","Returns inwards journal"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"The Sales journal is used to","o":["Contains accounts of all transactions in classified form","Records credit purchases","Records small cash payments","Records credit sales"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records credit sales?","o":["Goodwill","Income statement","Accrued expense","Sales journal"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"The Purchases journal is used to","o":["Records goods returned to suppliers","Shows assets, liabilities and capital at a given date","Records credit purchases","The excess of purchase price of a business over its net assets"],"a":2,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records credit purchases?","o":["Ledger","Purchases journal","Accrued expense","Returns inwards journal"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Returns inwards journal is used to","o":["Records goods returned by customers","Money or goods taken by the owner for personal use","Contains accounts of all transactions in classified form","Records credit purchases"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records goods returned by customers?","o":["Accrued expense","Returns inwards journal","Prepaid expense","Balance sheet"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Returns outwards journal is used to","o":["Records goods returned to suppliers","Shows assets, liabilities and capital at a given date","An expense paid in advance","Records credit sales"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records goods returned to suppliers?","o":["Returns inwards journal","Trial balance","Returns outwards journal","Ledger"],"a":2,"t":"Accounting Terms","d":"Easy"},{"q":"The Petty cash book is used to","o":["Records small cash payments","The excess of purchase price of a business over its net assets","Records credit purchases","Shows assets, liabilities and capital at a given date"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Records small cash payments?","o":["Trial balance","Petty cash book","Cash book","Income statement"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Trial balance is used to","o":["Records cash and bank receipts and payments","Checks the arithmetical accuracy of the ledger","Records goods returned to suppliers","Shows profit or loss for a period"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Checks the arithmetical accuracy of the ledger?","o":["Prepaid expense","Trial balance","Accrued expense","Goodwill"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Balance sheet is used to","o":["Shows assets, liabilities and capital at a given date","The excess of purchase price of a business over its net assets","Contains accounts of all transactions in classified form","Shows profit or loss for a period"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Shows assets, liabilities and capital at a given date?","o":["Returns inwards journal","Accrued expense","Returns outwards journal","Balance sheet"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"The Income statement is used to","o":["Records goods returned to suppliers","Shows profit or loss for a period","An expense paid in advance","Contains accounts of all transactions in classified form"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Shows profit or loss for a period?","o":["Cash book","Income statement","Bad debts","Returns outwards journal"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Ledger is used to","o":["Records goods returned by customers","Checks the arithmetical accuracy of the ledger","Money or goods taken by the owner for personal use","Contains accounts of all transactions in classified form"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Contains accounts of all transactions in classified form?","o":["Bad debts","Petty cash book","Prepaid expense","Ledger"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"The Goodwill is used to","o":["Shows assets, liabilities and capital at a given date","Checks the arithmetical accuracy of the ledger","Records small cash payments","The excess of purchase price of a business over its net assets"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: The excess of purchase price of a business over its net assets?","o":["Petty cash book","Drawings","Goodwill","Bad debts"],"a":2,"t":"Accounting Terms","d":"Easy"},{"q":"The Drawings is used to","o":["Money or goods taken by the owner for personal use","Records cash and bank receipts and payments","Contains accounts of all transactions in classified form","Shows assets, liabilities and capital at a given date"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Money or goods taken by the owner for personal use?","o":["Accrued expense","Drawings","Petty cash book","Bad debts"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"The Bad debts is used to","o":["Debts that cannot be collected","Contains accounts of all transactions in classified form","An expense incurred but not yet paid","Shows assets, liabilities and capital at a given date"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: Debts that cannot be collected?","o":["Purchases journal","Accrued expense","Bad debts","Returns outwards journal"],"a":2,"t":"Accounting Terms","d":"Easy"},{"q":"The Accrued expense is used to","o":["Records goods returned by customers","An expense incurred but not yet paid","Shows profit or loss for a period","Records credit sales"],"a":1,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: An expense incurred but not yet paid?","o":["Trial balance","Bad debts","Accrued expense","Returns outwards journal"],"a":2,"t":"Accounting Terms","d":"Easy"},{"q":"The Prepaid expense is used to","o":["Records small cash payments","Records goods returned by customers","The excess of purchase price of a business over its net assets","An expense paid in advance"],"a":3,"t":"Accounting Terms","d":"Easy"},{"q":"Which accounting term matches the description: An expense paid in advance?","o":["Prepaid expense","Returns outwards journal","Sales journal","Cash book"],"a":0,"t":"Accounting Terms","d":"Easy"},{"q":"The accounting equation is","o":["Assets = Capital − Liabilities","Capital = Assets + Liabilities","Liabilities = Assets + Capital","Assets = Capital + Liabilities"],"a":3,"t":"Financial Accounting","d":"Medium"},{"q":"In double-entry bookkeeping every transaction has","o":["A debit and a credit","Two credits","Two debits","No entry"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"An increase in an asset is recorded on the","o":["Credit side","Either side","Neither side","Debit side"],"a":3,"t":"Financial Accounting","d":"Medium"},{"q":"An increase in a liability is recorded on the","o":["Credit side","Either side","Neither side","Debit side"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Purchases of goods for resale on credit are debited to","o":["Purchases account","Drawings account","Capital account","Sales account"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Which of these is a current asset?","o":["Land","Stock","Building","Motor vehicle"],"a":1,"t":"Financial Accounting","d":"Medium"},{"q":"Which of these is a fixed asset?","o":["Debtors","Machinery","Stock","Cash"],"a":1,"t":"Financial Accounting","d":"Medium"},{"q":"Which of these is a current liability?","o":["Creditors","Land","Capital","Loan repayable in 10 years"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Carriage inwards is treated as part of","o":["Selling expenses","Drawings","Administrative expenses","Cost of goods sold"],"a":3,"t":"Financial Accounting","d":"Medium"},{"q":"Carriage outwards is treated as","o":["A selling expense","An asset","A capital item","Cost of goods sold"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Opening stock + purchases − closing stock equals","o":["Net profit","Cost of goods sold","Gross profit","Sales"],"a":1,"t":"Financial Accounting","d":"Medium"},{"q":"Sales − cost of goods sold equals","o":["Gross profit","Turnover","Net profit","Capital"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Gross profit less expenses equals","o":["Cost of sales","Drawings","Net profit","Turnover"],"a":2,"t":"Financial Accounting","d":"Medium"},{"q":"The balance on the debit side of a trial balance usually includes","o":["Assets and expenses","Liabilities and income","Capital and income","Creditors only"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"The principle that business and owner are separate is the","o":["Accrual concept","Prudence concept","Business entity concept","Going concern concept"],"a":2,"t":"Financial Accounting","d":"Medium"},{"q":"The assumption that a business will continue to operate in the foreseeable future is the","o":["Going concern concept","Dual aspect concept","Accrual concept","Money measurement concept"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"Recognising revenue when earned and expenses when incurred is the","o":["Materiality concept","Consistency concept","Cash concept","Accrual concept"],"a":3,"t":"Financial Accounting","d":"Medium"},{"q":"Provision for bad debts is made to follow the","o":["Entity concept","Going concern","Prudence concept","Realisation concept"],"a":2,"t":"Financial Accounting","d":"Medium"},{"q":"A bank reconciliation statement is prepared to","o":["Calculate profit","Reconcile cash book with bank statement","Record sales","Value stock"],"a":1,"t":"Financial Accounting","d":"Medium"},{"q":"Errors that do not affect the trial balance include","o":["Error of omission","Wrong totals in the ledger","Casting error","Single-sided entry"],"a":0,"t":"Financial Accounting","d":"Medium"},{"q":"A document that shows payment received for goods sold is a","o":["Order","Quotation","Receipt","Invoice"],"a":2,"t":"Financial Accounting","d":"Medium"}]}