The assets of business can be classified broadly into?

One of the advantages of control account is that?

A. all errors are localized thus reducing delays in balancing accounts B. all errors are generalized thus reducing delays in balancing accounts C. bookkeepers cannot make mistakes D. all errors are posted into the account E. all cash transactions are posted into the...
The assets of business can be classified broadly into?

A private limited company is that which?

i. restricts the right to transfer its share. ii. has a minimum of seven members. iii. limits membership to fifty. iv. offers its shares for sale to the public A. i and ii B. ii and iv C. i and iv D. ii and iii E. i and iii Correct Answer: Option E – i and...
The assets of business can be classified broadly into?

Impersonal real accounts include?

i. expenditure on telephone ii. motor vehicles iii. expenses on telegram iv. land and buildings A. i and iii B. iii and iv C. ii and iv D. i, ii and iii E. i, ii, iii and iv Correct Answer: Option C – ii and...

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