After receiving the financial statement the Auditor General of the Federation must submit a report to the National Assembly within?
A. 60 days B. 30 days C. 120 days D. 90 days Correct Answer: Option B – 30 days
Tunde purchased goods from Femi by cash worth N1000 with 10% cash discount. Tunde’s ledger control account is to be?
A. deited by N100 B. credited by N100 C. credited by N1000 D. deited by N1000 Correct Answer: Option A – deited by N100
The difference in the sales ledger control account is transferred to the?
A. profit and loss account B. sales account C. balance sheet D. trading account Correct Answer: Option D – trading account
Determine the current assets?
Capital…………………N? Profit and loss………….N3500 Current assets…………..N? Current liabilities………N2000 fixed assets…………….N11000 A. N7 000...
The capital balance is?
Capital…………………N? Profit and loss………….N3500 Current assets…………..N? Current liabilities………N2000 fixed assets…………….N11000 The company...Products
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