Company as a legal entity means that it?
A. must always have a company lawyer B. can sue and be sued C. must settle disputes among shareholders in court D. should prepare accounts approved by a lawyer Correct Answer: Option B – can sue and be sued
The mark-up is _______
Use the following information to answer this question Le Sales for the year ————————————– 450,000 Purchases for the year...
The stock turnover period is?
Use the following information to answer this question Le Sales for the year ————————————– 450,000 Purchases for the year...
Sales account was undercast by GH¢ 1000. When this is corrected; both the gross profit and the net profit would
A. increase by GH¢2,000 B. increase by GH¢l,000 C. decrease by GH¢l,000 D. decrease by GH¢2,000 Correct Answer: Option B – increase by GH¢l,000
Accounting evolved out of the need of businesses for?
A. profit making B. record keeping C. increasing sales D. obtaining finance Correct Answer: Option A – profit makingProducts
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