A. authorized capital B. registered capital C. issued capital D. nominal capital Correct Answer: Option D D. nominal capital
A. omission B. original entry C. principle D. commission Correct Answer: Option C C. principle
A. general reserve B. company tax C. debenture interest D. goodwill is written off Correct Answer: Option C C. debenture…
A. interest B. premium C. manufacturing profit D. manufacturing overhead Correct Answer: Option C C. manufacturing profit
A. interest on capital B. salary C. share of profit D. share of loss Correct Answer: Option D D. share…
Use the following information to answer this question. ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses…
Use the following information to answer this question. ₦ Opening capital 60,000 Drawings 4,000 Cost of sales 50,000 General expenses…
A. capital B. drawings C. creditors D. bank balance Correct Answer: Option B B. drawings
A. credit sales B. bad debts C. returns inwards D. discounts allowed Correct Answer: Option A A. credit sales
A. subscription accounts and income and expenditure accounts B. subscriptions accounts and balance sheet C. income and expenditure account and…