A. long-term liabilities B. current assets C. current liabilities D. fixed assets Correct Answer: Option B = current assets Explanation…
A. balance sheet B. general ledger C. general journal D. trial balance Correct Answer: Option C - general journal Explanation…
A. contingency warrant B. supplementary general warrant C. reserved expenditure warrant D. virement warrant Correct Answer: Option A - contingency…
Teteh and Kukuma are in partnership with capital balances of #300,000 and #200,000 respectively. They agreed to share profit on…
A. paid-up capital B. authorized capital C. reserve capital D. loan capital Correct Answer: Option B - authorized capital Explanation…
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…