A. shares are never offered at a discount; the offer is invalid B. the value of shares in the capital…
A. debit bank, credit custmer and credit conyrol account B. credit bank, debit customer, and credit control account C. debit…
A. a trial balance is not available B. profits are overestimated C. there are no subsidiary books D. there are…
A. the quality of goods produced B. the quantity of goods sold C. a given period of time and a…
A. day book or general journal B. cash book and ledger accounts showing debtors and creditors balances C. cash journal,…
Given: Sales Ledger Control Account (Extracts) Balance b/f N10,600 Total cash payments by debtors N32,275 Total credit sales N59,193 Discount…
A. purchases B. sales C. cost of goods sold D. cost of materials used Correct Answer: Option A - purchases
A. an asset account and a credit to the expenses account B. the expenses account and a credit to an…
A. posting disscount allowed to the debit side of the discount allowed account B. omision of one account from the…
Given: PTF Trial Balance [Extract] as at 31 December, 1999 Dr Cr N'000 N '000 Cash 2,000 Investments 3,000 Accounts…