A. profit and loss account B. manufacturing account C. sales account D. Mr. C's account E. Mr. B's account Correct…
A. building B. tools C. land D. Motor van E. Furniture Correct Answer: Option C - land
A. sales expenses B. cash sales C. credit sales D. sales return E. sales commission Correct Answer: Option C -…
A. bank charges B. presented cheque C. direct transfer D. standing order E. uncredited lodgements Correct Answer: Option B -…
A. sales day book B. purchases day book C. cash book D. cheque book E. journal book Correct Answer: Option…
A. Receipt from sales of goods B. Rent from premises sublet C. Interest on savings account D. cash on sale…
A. Branch Adjustment Account B. Goods sent to Branch Account C. Branch Stock Account D. Branch Debtors Account E. Branch…
A. discount B. reserve C. premium D. loss E. goodwill Correct Answer: Option A - discount
Use the following information to answer this question A business whose assets consisted of stock N15,000 and debtors N8,000 was…
Use the following information to answer this question A business whose assets consisted of stock N15,000 and debtors N8,000 was…