Cash sales of merchandise are recorded in the:
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12%
Cash payments journal.
43%
Cash receipts journal.
9%
General journal.
35%
sales journal
A plant asset with a cost of 900,000 and accumulated depreciation of $800,000 is sold for $80,000.Whatisthe amount of the gain or loss on disposal of the plant asset?
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54%
Birr 20, 000 losses.
13%
Birr 80,000 gain.
9%
Birr 80, 000 losses.
24%
Birr 20,000 gain
Which of the following refers to the length of time covered by each payroll payment in the company.
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12%
Pay day
21%
Payroll Register
62%
Pay period
5%
Pay Check
Which Of the following types of allowance, which one is exempted from tax.
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13%
Position allowance
10%
House allowance
47%
Hardship allowance
30%
Transportation allowance more than 25% of basic salary
Which one of the following is not correct about corporation?
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10%
Unlimited life
11%
Separate legal existence
53%
Unlimited liability
26%
limited liability
The first steps of liquidation process of partnership is
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21%
Paybliability of the partnership
21%
Distribute gain or loss from realization of asset
45%
Sell the partnership assets
12%
Distribute the remaining cash to partners
It will Continue To night
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