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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