ASSIGNMENT 3
Ajimatanraeje Nigeria Limited provides the following information relating to its accounts for three years as shown in the table below:
|
Year |
Capital |
Profit |
Returns on Capital |
|
|
N |
N |
% |
|
2021 |
48,750 |
|
45 |
|
2020 |
29,250 |
5,850 |
|
|
2019 |
32,500 |
|
35 |
Required:
(a) Calculate profits for year 2019 and 2021.
(b) Calculate returns on capital for year 2020.
(c) Calculate percentage increase in profit between year 2020 and 2021.
(d) Calculate percentage decrease in profit between year 2019 and 2020.
(e) Calculate increase in capital between year 2020 and 2021.
(f) Calculate decrease in capital between year 2019 and 2020.
Hints: show all formular and workings
ASSIGNMENT 4
Ayefele Nigeria Limited provides the following information relating to its accounts for three years as shown in the table below:
|
Year |
Capital |
Profit |
Returns on Capital |
|
|
N |
N |
% |
|
2021 |
975,000 |
|
45 |
|
2020 |
585,000 |
117,000 |
|
|
2019 |
650,000 |
|
35 |
Required:
(i) Calculate profits for year 2019 and 2021.
(ii) Calculate returns on capital for year 2020.
(iii) Calculate percentage increase in profit between year 2020 and 2021.
(iv) Calculate percentage decrease in profit between year 2019 and 2020.
(v) Calculate increase in capital between year 2020 and 2021.
(vi) Calculate decrease in capital between year 2019 and 2020.
Hints: show all formular and workings
Previous lecture note:
https://objunityonlineclasses.blogspot.com/2022/08/lecture-note-on-acc-111-principles-of.html
No comments:
Post a Comment