Use the following information to answer the given question (begin{array}{c|c} & D \ hline text{Cash…
Use the following information to answer the given question (begin{array}{c|c} & D \ hline text{Cash in hand}& 1,440\…
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A loss made on the disposal of a fixed assets is debited to
A loss made on the disposal of a fixed assets is debited to A. sales account B. purchases…
Which of the following is not an item in the profit and loss account?
Which of the following is not an item in the profit and loss account? A. drawings B. interest…
Administrative, selling and distribution expenses in a manufacturing firm are recorded in
Administrative, selling and distribution expenses in a manufacturing firm are recorded in A. trasing acccount B. manufacturing account…
Which of the following is not a revenue to a local government?
Which of the following is not a revenue to a local government? A. fines B. licenses C. personal…
Which of the following is a form of memorandum of association
Which of the following is a form of memorandum of association A. names of directors B. appointment of…
An underwriter for a company’s share is paid
An underwriter for a company’s share is paid A. interest B. commision C. dividend D. salary Correct Answer:…
Which of the following is not part of the central processing unit of a computer?
Which of the following is not part of the central processing unit of a computer? A. arithmetical and…
The double entry to record the proceeds on disposal of assets in debit
The double entry to record the proceeds on disposal of assets in debit A. bank account; credit asset…
The excess of value of assets over the purchase consideration on acquisition of a business…
The excess of value of assets over the purchase consideration on acquisition of a business is credited to…