A. vote B. trial balance C. consolidated fund D. profit and loss account Correct Answer: Option D D. profit and…
A. prime cost B. production cost C. net realizable value D. cost price Correct Answer: Option D D. cost price
A. cash ad credit purchases B. purchases and credit drawings C. purchases and credit cash D. drawings and credit cash…
A. suppliers invoice B. returns outward notes C. sales invoices D. payment vouchers Correct Answer: Option C C. sales invoices
A. Total creditors Accounts B. Total debtors Account C. Cash Account D. Personal Account Correct Answer: Option A A. Total…
A. N200,000 B. N180,000 C. N135,000 D. N75,000 Correct Answer: Option C C. N135,000
A. diminishing balance method B. revaluation method C. fixed installment method D. straight-line method Correct Answer: Option A A. diminishing…
A. decrease and its assets decrease B. increase and its assets decrease C. decrease and its assets increase D. increase…
A. salaries account B. machinery account C. debtors account D. creditors account Correct Answer: Option B B. machinery account
A. increases in asset accounts are entered on the debit side B. decreases in assets accounts are entered on the…