Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on…
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on…
A. purchase order B. credit note C. proforma invoice D. sales order Correct Answer: Option A = purchase order Explanation…
A. credited to current account B. credited to appropriation account C. debited to appropriation account D. debited to current account…
Adiza gave an instruction to her banker to pay a premium of Le 30,000 from her account to Union Rock…
A. profit on goods produced B. cost of goods produced C. cost of goods sold D. profit on goods sold…
A. dual aspect concept B. realization concept C. materiality concept D. business entity concept Correct Answer: Option C - materiality…
A. business entity concept B. money measurement concept C. prudence concept D. materiality concept Correct Answer: Option C = prudence…
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques…
Use the following information to answer the question below $ Cash book balance (credit) 750 Uncredited cheques 500 Unpresented cheques…