A. carriage inwards B. returns outwards C. discount received D. carriage outwards Correct Answer: Option A - carriage inwards
A. on profit basis B. according to employee decision C. according to material available D. on equal basis Correct Answer:…
Given: Sales #180,000 Stock 1/1 # 25,000 Purchases #110,000 Sales returns # 1000 Purchases returns # 1,500 Gross profit #…
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received in advance #16,400 Subscription received during the year 2009 #38,570…
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received in advance #16,400 Subscription received during the year 2009 #38,570…
A. current asset B. current liability C. fixed asset D. intangible asset Correct Answer: Option B - current liability
A. the total debtors' account B. the total creditors' account C. all-day books D. both the debtors and creditors' accounts…
A. sales day book B. cash book C. purchases day book D. returns day book Correct Answer: Option B -…
2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books at…
2/3 Purchases 900 books at #1,000 each 4/3 Purchases 590 books at # 950 each 15/3 Sales 300 books at…