A. six columns, date, particulars, folio, amount, debit and credit B. five columns, date particulars, folio, debit and credit C.…
Given: Light expenses...................N400 Purchases........................N3,000 Sales............................N1,200 Creditors........................N2,250 Debtors..........................N50 A. N4,250 B. N3,500 C. N4,300 D. N3,450 Correct Answer: Option D -…
Deducted the smaller side figure from the bigger side figure. Add up both side Take the difference to the smaller…
A. mathematical accuracy in trial balance B. balances at the bank C. increase in the assets and liabilities D. balance…
A. debited and credited respectively B. credited C. credited and debited respectively D. debited Correct Answer: Option B - credited
A. deals with debit and credit of items B. is a product of financial development C. is a product of…
A. National Assembly B. President C. Judicial Service Commission D. Civil Service Commission Correct Answer: Option B - President Explanation…
A. general fund B. contingency fund C. trust fund D. capital fund Correct Answer: Option D - capital fund
A. ledger book B. payment book C. vote book D. expenditure book Correct Answer: Option C - vote book Explanation…
A. Market fees B. Bicycle licenses C. Tariffs D. Property rates Correct Answer: Option C - Tariffs Explanation Tariff is…