Discount received is shown in the
Discount received is shown in the A. credit side of sales ledger balances B. debit side f bought…
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Which of the following are examples of Nominal account?
Which of the following are examples of Nominal account? A. land and insurance B. cash and interest C.…
A payment of N150 to a credit
A payment of N150 to a credit A. an increase in assets only B. a reduction of assets…
The total debtors account of a trading concern is N13,000. Out of this 2 percent…
The total debtors account of a trading concern is N13,000. Out of this 2 percent is irrecoverable; 5…
Which of the following is no part of prime cost of production?
Which of the following is no part of prime cost of production? A. cost raw materials B. carriage…
The payee of a cheque is the
The payee of a cheque is the A. drawer’s banker B. drawee’s banker C. person naned to receive…
Factory wages are always entered into the
Factory wages are always entered into the A. sales account B. manufacturing account C. profit ans loss account…
which of the following is not an Appropriation account item for a company?
which of the following is not an Appropriation account item for a company? A. inerest on drawings B.…
The purpose of a trading account is to ascertain
The purpose of a trading account is to ascertain A. sales B. gross profit or loss C. net…
Which of the following entries would be made for goods bought and paid for immediately?…
Which of the following entries would be made for goods bought and paid for immediately? Debit A. cash…