i. Sandison's account (a debtor) ii. Motor vehicle account iii. Sales account iv. Rent and rates account A. i, ii…
A. an acquisition of fixed asset B. an expense in its general office expense account C. part of capital in…
A. purchase of goods B. sale of goods on credit C. returns inward D. acquisition of fixed assets Correct Answer:…
A. an entry has been made on the wrong class of account B. a transaction has been completely omitted C.…
A. journal proper B. petty cash book C. sales day book D. purchase day book Correct Answer: Option A A.…
A. an error of omission B. a compensating error C. an error of commission D. an error of principal Correct…
A. selling of goods on credit to a customer B. withdrawal of goods by the proprietor for his personal use…
A. purchases B. assets C. sales D. profits Correct Answer: Option C C. sales Explanation Net turnover - is turnover…
A. customer's account; credit bank account B. bank account; credit customer's account C. customer's account; credit sales account D. sales…
A. sales day book B. purchases daybook C. returns inwards book D. petty cash book Correct Answer: Option D D.…