Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during…
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during…
Halima N Ibinabo N Capital accounts 1st Jan, 1992 100,000 50,000 Current accounts 1st Jan, 1992 20,000 40,000 Drawing during…
A. debit debtor's account, credit bad debts recovered account B. credit debtor's account, debit bad debts recovered account C. debit…
A. purchase of stock B. a purchase of motor vehicles for sale C. subscriptions paid D. extension of building E.…
A. wear and tear B. passage of time C. devaluation of Naira D. obsolescence E. usage Correct Answer: Option C…
A. contingent liability B. current liability C. current asset D. fixed asset E. capital expenditure Correct Answer: Option B -…
A. auditor general B. chief accountant C. treasurer D. accountant general E. minister of finance Correct Answer: Option D -…
A. list taken of the account balance in the general ledger B. proof of the arithmetical accuracy of the ledger…
A. balance sheet B. profit and loss account C. ledger account D. cash book E. income and expenditure Correct Answer:…