A. accrued expenses B. accrued income C. prepaid expenses D. income received in advance E. preliminary expenses Correct Answer: Option…
A. prepayment B. stock C. accrual D. land E. debenture Correct Answer: Option D - land
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of…
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of…
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of…
A. fixed assets B. current assets C. intangible assets D. wasting assets E. investments Correct Answer: Option C - intangible…
A. debit plant account, credit current account B. debit current account, credit plant account C. credit plant account, credit profit…
A. compensation B. omission C. commission D. principle E. original entry Correct Answer: Option E - original entry
A. omission B. compensation C. commission D. principle E. original entry Correct Answer: Option D - principle
A. omission B. compensation C. commission D. principle E. original entry Correct Answer: Option C - commission