A. working capital B. accumulated fund C. consolidated fund D. reserved capital Correct Answer: Option B B. accumulated fund
A. N24,000 B. N21,000 C. N18,000 D. N9,000 Correct Answer: Option D D. N9,000
A. N39,000 B. N16,000 C. N14,000 D. N12,000 Correct Answer: Option D D. N12,000
A. a debt that cannot be recovered B. a debt that is long overdue C. an overcharge on a debtor's…
A. an amount set out of profit for other uses B. an amount of loss from trading activities C. an…
A. trading account B. balance sheet C. appropriation account D. profit and loss account Correct Answer: Option A A. trading…
A. salaries account B. fixtures account C. stock account D. debtors account Correct Answer: Option A A. salaries account
A. trading account B. balance sheet C. current account D. profit and loss account Correct Answer: Option D D. profit…
A. accrued wages B. rent arrears C. prepayment D. insurance due but unpaid Correct Answer: Option C C. prepayment
A. credit note B. purchase invoice C. sales invoice D. debit invoice Correct Answer: Option A A. credit note