A. provision for discount B. outstanding wages C. prepaid rent D. proposed dividend E. dividend received Correct Answer: Option E…
A. discount B. profit C. loss D. premium E. reserve Correct Answer: Option D - premium
Chukwu's Capital at 1/1/89 and 31/12/89 were N30,000 and N50,000 respectively. During the year he introduced additional capital of N10,500…
A. profit and loss account, credit debtors account B. debtors account, credit trading account C. profit and loss account, credit…
A. ordinary fund B. accumulated fund C. float D. imprest receipt E. imprest fund Correct Answer: Option C - float
A. treasury card B. receipt voucher card C. treasury receipt D. payment voucher E. store receipt voucher Correct Answer: Option…
A. verbal instruction by the Governor B. stores issue voucher C. stores credit voucher D. store ledger card E. departmental…
A. chief accountant B. minister of finance C. minister of economic planning D. accountant general of the federation E. auditor…
A. fixed and floating assets B. fixed and current assets C. intangible and fixed assets D. current and circulating assets…
A. all errors are localized thus reducing delays in balancing accounts B. all errors are generalized thus reducing delays in…