A. subsidiary books into the trial balance B. ledger into the trial balance C. journals into the ledgers D. subsidiary…
A. quality in terms of records B. completeness in terms of records C. accuracy in terms of operation D. simplicity…
A. draw up the statement of affairs B. draw up a T-account to establish the amount C. compare the journal…
A. day book has been balanced B. amount of personal drawings has been established C. cash book has been balanced…
A. debit side of the purchase ledger control account B. debit side of the sales ledger control account C. credit…
Given: Capital at start.......................N3250 Capital at close ......................N6250 Additional capital during the period...N1000 A. N8500 profit B. N2000 loss C.…
A. Standard price B. Marketing price C. FIFO D. Average method Correct Answer: Option D - Average method
Given: Cash purchases ..............................N25000 Trading creditors............................N45000 Opening balance of trade creditors...........N35000 A. N80,000 B. N35,000 C. N105,000 D. N70,000 Correct…
A. 35% B. 30% C. 20% D. 15% Correct Answer: Option C - 20%
A. control costs B. overheads C. direct costs D. indirect costs Correct Answer: Option C - direct costs