A. Quality in terms of records B. Simplicity in terms of operation C. Accuracy in terms of operation D. Completeness…
Use the information below to answer this question Segun Ojo, didn’t keep her books on double principle. On 1st Jan,…
A. error of principle B. error of commission C. error of original entry D. compensating error Correct Answer: Option C…
Use the information below to answer this question. A business has three departments x, y and z You are given…
A. equally B. in accordance with an established C. in proportion of current account balances D. in proportion of weighted…
Use the information below to answer this question Segun Ojo, didn’t keep her books on double principle. On 1st Jan,…
A. accrual basis B. cost basis C. revenue basis D. cash basis Correct Answer: Option D - cash basis Explanation…
A. Branch stock B. Goods set to branch account C. Branch adjustment account D. Branch debtors account Correct Answer: Option…
A. creditors B. debtors C. investors D. shareholders Correct Answer: Option B - debtors Explanation The sales ledger control account…
A. conversion B. control C. allocation D. analysis Correct Answer: Option B - control