Use the following information to answer the given question J. Chike N B. Balla N Current Accounts balance(1/4/98) 4,000 6,000…
Use the following information to answer the given question J. Chike N B. Balla N Current Accounts balance(1/4/98) 4,000 6,000…
A. profit B. loss C. capital D. current assets Correct Answer: Option C - capital
A. bits B. Ram C. Data D. ROM Correct Answer: Option B - Ram
A. Balance sheet B. receipt and payment account C. Ledger Accounts D. Profit and Loss Account Correct Answer: Option D…
A. register the name of voters B. control expenditure C. record government revenue D. record taxes paid Correct Answer: Option…
A. prepayment B. accrued expenses C. accruals D. deferred income Correct Answer: Option A - prepayment
A. incomplete posting in the ledger accounts B. double entry for each transaction C. omission of a trabsaction from the…
A. gross profit B. mark-up C. margin D. profit percentage Correct Answer: Option B - mark-up
A. lodgement of cheques into the bank account B. Lodgement of cash in hand into the bank account C. withdrawal…