A. N500 B. N300 C. N200 D. N150 E. N100 Correct Answer: Option B - N300
A. discount allowed B. salaries and wages C. sundry expenses D. rates and rent E. return inwards Correct Answer: Option…
A. a vote B. a deposit C. an investment D. a loan E. a grant Correct Answer: Option A -…
A. rent B. wages C. discount D. land E. interest Correct Answer: Option D - land
A. repairs B. owner's use C. resale D. decorating offices E. permanent use Correct Answer: Option C - resale
A. a current asset B. a current liability C. a long term liability D. a fictitious asset E. an intangible…
A. cash account B. revenue account C. trading account D. suspense account E. profit and loss account Correct Answer: Option…
A. recorded in wrong account B. owed by an employee C. paid with fake currency D. that cannot be collected…
A. transactions B. final accounts C. double entry in the ledger D. trading account E. balance sheet Correct Answer: Option…
A. defalcations account and crediting branch stock account B. mark-up account and crediting branch stock account C. defalcations account and…