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Browsing Category

Answers

44896 posts
  • Answers

The term ‘posting’ in Accounting refers to

The term ‘posting’ in Accounting refers to A. recording entries in the journal B. transferring the balance in…
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The document that is used to acknowledge the acceptance of the return of goods by…

The document that is used to acknowledge the acceptance of the return of goods by the seller from…
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The effect of the payment of liability is that it

The effect of the payment of liability is that it A. increase both assets and liabilities B. increase…
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Creditors use Accounting information for the purpose of

Creditors use Accounting information for the purpose of A. planning sales to a company B. controlling a company’s…
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The instrument that are generated when firms enter into business transactions with others are called

The instrument that are generated when firms enter into business transactions with others are called A. purchase document…
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The most important reason for studying accounting is that

The most important reason for studying accounting is that A. the information provided by accounting is useful in…
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In preparing accounting records, the owner of a business and the business are treated as

In preparing accounting records, the owner of a business and the business are treated as A. the same…
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The most important reason for studying accounting is that

The most important reason for studying accounting is that A. the information provided by accounting is useful in…
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A government accounting systems must make sure that

A government accounting systems must make sure that A. revenue exceeds expenditure B. all applicable legal provisions are…
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Eko Local Government expenditure Hospital building ———————- N200,000 Drugs ———————————- N180,000 Hospital beds and mattresses…

Eko Local Government expenditure Hospital building ———————- N200,000 Drugs ———————————- N180,000 Hospital beds and mattresses ———— N40,000 Doctors’…
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