A. omission B. compensation C. commission D. principle E. ordinary entry Correct Answer: Option A - omission
A. debit side of the profit and loss account B. credit side of te profit and loss account C. debit…
A. staff salaries B. interest on capital C. interest on money advanced by partners D. share of profit E. interest…
A. company tax B. unappropriated surplus C. proposed dividend D. transfer to rserve E. interim dividend paid Correct Answer: Option…
A. N100 B. N125 C. N500 D. N600 E. N625 Correct Answer: Option E - N625
A. grss profit B. profit make-up C. profitt margin D. profit percentage E. profit ratio Correct Answer: Option B -…
A. where a transaction is completely omitted from the books B. where the correct amount is entered but in the…
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year…
Debtors on 1st January was N1,490 and sales for the year was N5,760. Cash received from debtors during the year…
A. credit cash account, debit bank account with N1,200 B. debit cash account, creidit bank account with N1,200 C. credit…