A. conservatism B. consistency C. prudence D. materiality Correct Answer: Option B B. consistency
A. principle B. commission C. original entry D. compensation Correct Answer: Option A A. principle
A. trading account B. profit and loss account C. appropriate account D. balance sheet Correct Answer: Option A A. trading…
A. cash account; credit purchases account B. purchases account; credit cash account C. purchases account; credit stock account D. purchases…
A. rewarding the imprest holder B. reducing the burden of petty cashier C. reimbursing the petty cashier regularly D. reducing…
A. business entity B. going concern C. accrual D. materiality Correct Answer: Option C C. accrual
A. cash book B. control accounts C. trading accounts D. balance sheets Correct Answer: Option B B. control accounts
A. debit profit and loss account; credit provision for doubtful debt account B. debit debtors account; credit trading account C.…
A. i and ii only B. i,ii and iii C. ii and iii only D. iii only Correct Answer: Option…
A. regina's account ₦27 : credit cash account ₦27 B. cash account ₦27 : credit Regina's account ₦27 C. Regina's…