ASSIGNMENT ON ACC 111-PRINCIPLES OF ACCOUNTING 1 FOR BOTH FULL TIME AND PART TIME

                    PATRIOT ODUNARO B.J (08038454008)

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ASSIGNMENT 1:

Without Book-Keeping there wouldn`t be Accounting. Discuss

ASSIGNMENT 2:

Sogbae 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	%
2018	750,000		45
2017	450,000	90,000
2016	500,000		35

Required:

(i) Calculate profits for year 2016 and 2018.

(ii) Calculate returns on capital for year 2017.

(iii) Calculate percentage increase in profit between year 2017 and 2018.

(iv) Calculate percentage decrease in profit between year 2016 and 2017.

(v)  Calculate increase in capital between year 2017 and 2018.

(vi) Calculate decrease in capital between year 2016 and 2017.

Hints: show all formular and workings

NOTE: TO BE SUBMITTED ON  6TH DECEMBER, 2019 TO THE CLASS GOVERNOR(S) ON OR BEFORE 9A.M.

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FINANCIAL STATEMENTS

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https://en.wikipedia.org/wiki/Financial_statement

Understanding Financial Statements

https://basicaccountinghelp.com/understanding_financial_statements.html 

 so, visit http://people.stern.nyu.edu/adamodar/pdfiles/valn2ed/ch3.pdf

12 things you need to know about financial statements.

https://www.investopedia.com/articles/basics/06/financialreporting.asp

 

What Is the Importance of a Company's Financial Statements?

https://smallbusiness.chron.com/importance-companys-financial-statements-21332.html

How to Read and Understand Financial Statements?

https://www.thebalance.com/guide-to-understanding-financial-statements-357512 

ZENITH BANK PLC ANNUAL REPORTS AND FINANCIAL STATEMENTS 2017
http://www.nse.com.ng/Financial_NewsDocs/21168_ZENITH_BANK_PLC_FINANCIAL_STATEMENTS_MARCH_2018.pdf

FIDELITY BANK PLC ANNUAL REPORTS AND FINANCIAL STATEMENTS 2017
http://www.nse.com.ng/Financial_NewsDocs/22113_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_APRIL_2018.pdf

GT BANK PLC ANNUAL REPORTS 2017
https://www.gtbank.com/uploads/annual-reports/2017-annual-report/GTBankAnnualReport_17.pdf

GT BANK PLC ANNUAL INTERIM REPORTS 2018
https://www.gtbank.com/uploads/annual-reports/2018-interim-report/GTBank2018_InterimReport.pdf

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ASSIGNMENT ON ACC 212- COST ACCOUNTING 1 FOR BOTH FULL TIME AND PART TIME

ASSIGNMENT 2

Alatise Manufacturing Company provides the following information relating its cost

    function  as given below:

    TC =  3 p³  +  15p²  - 15p  + 100

    Where P = N50   and Q = 100 units

     Required: Calculate:

     (a)  i.  Fixed Cost     ii.  Variable Cost     iii. Mixed Cost    iv. Variable Cost per unit

           v.  Average Fixed Cost    vi.  Average Cost  

     (b)  Use the information in “a” above to prove that:

            Average Fixed Cost = Average Cost   -  Variable Cost per unit

                    PATRIOT ODUNARO B.J (08038454008)

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