A. can be easily calculated B. show errors and frauds C. facilitate decision making D. are stipulated by law Correct…
A. potential merger candidates for the company B. appropriate remunerations for the company’s staff C. future cash flows of the…
A. return inward B. sales figure C. cost of sales D. return outward Correct Answer: Option B - sales figure…
Use the following information to answer this question. Club building 400,000 Subscription prepaid 3,000 Sport kits 150,000 Bar creditors 85,000…
A. the accounting system is error-free B. equal debit entries and credit entries were recorded for each transaction C. the…
A. single entry account B. a profit and loss account C. a trading account D. a cash book Correct Answer:…
Use the information below to answer this question. Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000…
A. interest charges B. depreciation C. directors emoluments D. dividends Correct Answer: Option D - dividends Explanation In general accounting,…
A. A premium B. Normal value C. A discount D. A profit Correct Answer: Option B - Normal value Explanation…
A. sales account B. delivery van account C. cash account D. profit and loss accounts Correct Answer: Option C -…