A. debited and debtors credited B. credited and sales returns debited C. debited and cash credited D. credited and bank…
A. previous prices B. current prices C. average rates D. flat rates Correct Answer: Option B - current prices Explanation…
1/5/07 Purchased 100 bags of milk at #10.00k each 3/5/07 Purchased 60 bags of milk at #11.50k each 15/5/07 Issued…
A. Fixed assets B. Current assets C. Trademark D. Gratuity Correct Answer: Option C - Current assets Explanation Special assets…
At the end of a financial period, the trading profit and loss account of a sole trader shows a profit…
At the end of a financial period, the trading profit and loss account of a sole trader shows a profit…
A. has no sufficient cash with the bank B. has no account with the bank C. does not reside in…
A. a bank teller B. a credit card C. a recharge card D. ATM card Correct Answer: Option D -…
A. bank column (debit) B. bank column(credit) C. cash column(debit) D. cash column(credit) Correct Answer: Option B - bank column(credit)…
A. purchases #12,000 and credit Ibrahim #12,000 B. purchases #12,000 and credit sugar account #12,000 C. Jide #12,000 and credit…