A. net asset at the end of a period - net assets at the beginning of a period = profit…
A. purchase ledger B. sales ledger C. general ledger D. journal Correct Answer: Option B B. sales ledger
A. inflation B. erosion and decay C. wear and tear D. obsolescence Correct Answer: Option A A. inflation
A. stock B. asset C. liability D. capital Correct Answer: Option D D. capital
A. credit side of Discounts Received Account B. debit side of Discounts received account C. credit side of Discounts allowed…
A. bonus B. loan C. advance D. float Correct Answer: Option D D. float
A. debit Rent account, credit bank account B. debit rent account, credit Taiwo's account C. debit bank account, credit rent…
A. credit side of sales ledger B. credit side of sales account C. debit side of sales account D. debit…
A. receipt of cash from Alieu B. payment of cash to Alieu C. sale of goods to Alieu for cash…
A. debited to suspense account B. credited to suspense account C. debited to assets accounts D. credited to asset account…