Returns inwards is also called
Returns inwards is also called A. purchases returns B. sales returns C. goods on sales or return D.…
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In a partnership business, the net profit serves as opening figure for
In a partnership business, the net profit serves as opening figure for A. trading account B. profit and…
Which of the following is the effect of an increase in the provision for discount…
Which of the following is the effect of an increase in the provision for discount allowed? A. increase…
An analytical cash book is used to
An analytical cash book is used to A. indicate source of cash received B. categorise petty cash payment…
Which of the following concepts is exposed to hold when a proprietor makes a drawing…
Which of the following concepts is exposed to hold when a proprietor makes a drawing of goods or…
Which of the following is the basis accounting equation?
Which of the following is the basis accounting equation? A. assets = capital + liabilities B. capital =…
A sales Day book is used for recording
A sales Day book is used for recording A. credit sales B. sales returns C. hire purchase D.…
A debenture holder is a
A debenture holder is a A. creditor B. promoter C. debtor D. shareholder Correct Answer: Option A Explanation
A stock as a form of capital of a company comprises
A stock as a form of capital of a company comprises A. tons of merchandise B. units of…
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid…
Abu, a debtor to Dania, owed ₦10,500 at the start of the month. He paid cash of ₦40,005…