A. Capital less current assets amounts to Liabilities B. assets less liabilities amount to capital C. fixed assets and current…
A. norminal account B. real account C. personal account D. private account Correct Answer: Option A A. norminal account
A. debiting B. book-keeping C. auditing D. crediting Correct Answer: Option B B. book-keeping
A. sales journal B. purchases journal C. general journal D. returns outwards journal Correct Answer: Option C D. returns outwards…
A. goodwill B. fixtures C. debtors D. interest Correct Answer: Option B B. fixtures
A. discounts allowed to customers B. cash paid by a customer C. purchase of a fixed asset for cash D.…
Use the following information to answer the given question ₦ Balance as per cash book 18,000 Dishonored cheques 1,200 Bank…
A. cheque stub B. cash receipt C. cash receipt D. cash book Correct Answer: Option A A. cheque stub
A. provision for doubtful debts B. bad debts written off C. carriage inwards D. carriage outwards Correct Answer: Option A…
A. N5,000 B. N2,250 C. N2,000 D. N1,750 Correct Answer: Option D D. N1,750