Use the information to answer the question below i Operating machines ii Furniture iii Fixtures and fitting iv Loan from…
A. increase in assets and increase in capital B. increase in liabilities and decrease in capital C. decrease in capital…
Given: Capital...............................N2375 000 Debtors...............................N495 000 Motor vehicle.........................N870 000 Creditors.............................N245 000 Prepayment............................N500 000 Bills receivable......................N505 000 Furniture.............................N150 000 A. N4 690…
Use the information to answer the question below i Operating machines ii Furniture iii Fixtures and fitting iv Loan from…
A. ledgers B. source documents C. minutes of meeting D. intuitive reasoning Correct Answer: Option A - ledgers Explanation Bookkeeping…
A. accruals B. materiality C. objectivity D. periodicity Correct Answer: Option A - accruals Explanation Accrual concept is the most…
A. Cost accounting B. Financial acounting C. Management accounting D. Petroleum accounting Correct Answer: Option B - Financial acounting Explanation…
A. treasury receipt B. receipts vourcher card C. treasury card D. stores receipts vourcher Correct Answer: Option B - receipts…
A. financial regulations B. virement C. warrant D. supplementary estimate Correct Answer: Option D - supplementary estimate Explanation Supplementary Budget…
A. premium B. par C. discount D. loss Correct Answer: Option A - premium Explanation Share premium is the amount…