by Sunday | Oct 3 | NABTEB QUESTIONS
Feature of an Invoice. i. Name and address of the company. ii. The date. iii. The total price in word and figure. iv. The unit price. v. Description column. vi. Quality of goods.
by Sunday | Oct 3 | NABTEB QUESTIONS
The clauses contained in the memorandum of association in a company are as follows: 1. The name of the company with the word “PLC” at the end or Ltd. 2. The statement of the authorized capital. 3. The purpose of setting up/establishing the company/objective of the...
by Sunday | Oct 3 | NABTEB QUESTIONS
Bank Statement: It is periodic statement of account which a commercial bank gives to its customers either monthly or quarterly which has shown the amount deposited and amount withdrawn including the balance whether credit or debit balance. Whereas bank reconciliation...
by Sunday | Oct 3 | NABTEB QUESTIONS
Authorized Capital:- This is the amount which a public company is allowed to raise from the public for its business operations. It is also called registered or nominal capital, it is stated in the memorandum of association of company and approved by the registrar of...
by Sunday | Oct 3 | NABTEB QUESTIONS
Receipts Accounts: Are those items which a business received on cash basis rather than on credit basis. They include subscriptions, donations due and cash sales. They are always recorded on the debit side of receipts and payment accounts, whereas, payment accounts are...
by Sunday | Oct 3 | NABTEB QUESTIONS
Steps to be followed if a trial balance failed to balance are: i. Check whether both the debit and credit entries of all transaction have been posted. ii. Check the additions on both sides of the trial balance. iii. Check the figure posted to each of the account to...