Use the following information to answer the question below Kako Ltd bought a machine for D 1,200,000 on 1st January…
A. bad debt B. returns inwards C. bills dishonored by debtors D. bills accepted by debtors Correct Answer: Option C…
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…
Use the following information to answer the question below Trading Account of Umeh Enterprises for the year ended 31st December…
A. Bank Account; credit Cash Account B. Cash Account; credit Bank Account C. Cash Account; credit Drawings Account D. Drawings…
A. ordinary dividend B. preference dividend C. capital reserve D. general reserve Correct Answer: Option B - preference dividend Explanation…
Use the following information to answer the question below Le Raw materials: Stock (01/01/2017) 822000 Stock (31/12/2017) 560000 Purchases 125000…
Use the following information to answer questions below Le Raw materials: Stock (01/01/2017) 822000 Stock (31/12/2017) 560000 Purchases 125000 Returns…
A. balance sheet B. ledger C. trial balance D. journal Correct Answer: Option B - ledger Explanation The ledger contains…