A. Goods bought and paid only B. Goods bought for resale only C. Goods bought on credit only D. Goods…
A. Materiality concept B. Dual aspect concept C. Matching concept D. Money measurement concept Correct Answer: Option B B. Dual…
A. Discounts allowed B. Provision for depreciation C. Carriage outwards D. Allowance for doubtful debts Correct Answer: Option C C.…
A. Bank statement and credit transfers B. Cash book and bank transfers C. Bank statement and cash transfers D. Cash…
A. GH¢ 590,000 B. GH¢ 590,000 0verdrawn C. GH¢ 210,000 D. GH¢ 210,000 Overdrawn Correct Answer: Option C C. GH¢…
I. A cheque paid to Adam debited to Adam's account. II. Credit sales to Eva credited to sales account but…
I. Investment II. Creditors III. Premises IV. Debtors V. Salaries A. I, III and IV B. I, III and V…
A. a non-monetary value B. tangible and intangible qualities C. monetary cost and future benefit D. an inadequate monetary value…
A. employees B. management C. bankers D. directors Correct Answer: Option C C. bankers Explanation External users are people outside…
A sent B a cheque for ₦2000 to provide him with friends. They agreed to share profits in ratio 3…