Purchase of goods of N2,000 was treated as sales and entered in the sales day…
Purchase of goods of N2,000 was treated as sales and entered in the sales day book and had…
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In which ledger is the control account prepared?
In which ledger is the control account prepared? A. Nominal ledger B. general ledger C. sales ledger D.…
Suppliers personal accounts are found in the
Suppliers personal accounts are found in the A. purchases ledger B. sales account C. purchases account D. sales…
Which of the following is a fictitious asset?
Which of the following is a fictitious asset? A. overdraftt B. cash in hand C. reserves D. preliminary…
A subsidiary record is a book
A subsidiary record is a book A. of ordinary entry B. containing the ledgers C. found in the…
Which of the following explains the short term solvency of a company?
Which of the following explains the short term solvency of a company? A. acid test ratio B. debtor…
Which of the following has a debit balance at the end of the year?
Which of the following has a debit balance at the end of the year? A. rates prepaid account…
Which of the following is not an example of a fictitious asset?
Which of the following is not an example of a fictitious asset? A. Raw materials stock B. debit…
The income accruing to debenture holders is called
The income accruing to debenture holders is called A. dividend B. net profit C. shares D. interest Correct…
The amount by which assets exceed specific liabilities is called
The amount by which assets exceed specific liabilities is called A. reserve B. provision C. premium D. bonus…