A. branch debtor's account and credit head office account B. head office account and credit branch stock account C. branch…
The Akachala Limited has four departments W, X Y and Z. The profits or loss of the departments were N20…
A. cash at hand B. journal proper C. general journal D. ledger accounts Correct Answer: Option A - cash at…
A. trading account B. revenue account C. cash account D. suspense account Correct Answer: Option C - cash account Explanation…
A. deducted from the capital B. added to the accumulated fund C. added to the capital D. deducted from the…
A. production cost + selling expenses B. direct material + direct labour + direct expenses C. direct material + work…
A. debit side of manufacturing and profit and loss account B. debit side of profit and loss account only C.…
A. credit side of balance sheet B. debit side of profit and loss account C. credit side of profit and…
........................31/12/08...........31/12/09 Furniture and fittings..N21 000,............N28 000 Office equipment........N9 800,.............N13 200 Debtors.................N6 800,.............N5 200 Creditors...............N4 900,.............N5 100 Cash at bank............N7 000,.............N4…
........................31/12/08...........31/12/09 Furniture and fittings..N21 000,............N28 000 Office equipment........N9 800,.............N13 200 Debtors.................N6 800,.............N5 200 Creditors...............N4 900,.............N5 100 Cash at bank............N7 000,.............N4…