A. FIFO B. Simple average C. LIFO D. Weighted average Correct Answer: Option A - FIFO
A. repairs on a building B. interest paid on loan C. discount allowed D. tax expense Correct Answer: Option A…
Use the information below to answer question i) Stock of goods ii) Furniture iii)Creditors iv) Cash at bank v) Loan…
Use the information below to answer question i) Stock of goods ii) Furniture iii)Creditors iv) Cash at bank v) Loan…
A. balance as per bank statement B. bank balance as per adjusted cash book C. aggregate balance as per cash…
A. clearing B. truncation C. holding D. confirmation Correct Answer: Option A - clearing
A. cash book bank statement B. bank statement only C. cash book, bank statement and other incidental records D. cash…
Use the information below to answer the question. Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A…
Use the information below to answer the question. Adamu Stores bought accessories from Mu'azu Beverages for N400 on credit. A…
A. debtors' account B. creditor's account C. suspense account D. ledger account Correct Answer: Option B - creditor's account