A. objects and their alteration B. location of business C. bank signatories D. powers of directors Correct Answer: Option C…
A. debit bad debts accounts and credit bad debt recovered account B. debit debtors accounts and recovered account C. debit…
A. 28 days B. 42 days C. 27 days D. 23 days Correct Answer: Option A - 28 days Explanation…
A. measures operating efficiency of a company B. measures the ability of a company to meet its current obligations. C.…
A. marching B. consistency C. realization D. prudency Correct Answer: Option D - prudency Explanation Prudence Concept or Conservatism principle…
A. fixed assets + current assets - liabilities = capital B. fixed assests + current assests + liabilities = capital…
A. unpresented cheques B. uncredited cheques C. statement of account D. aggregate balance as per cash book Correct Answer: Option…
A. cash, credit sales B. sales, credit cash C. bank, credit cash D. bank, credit sales Correct Answer: Option D…
CR. DR. Sales ledger balance 9, 500 Sales ledger balance 420 Bought ledgers balance 6, 115 Bought ledger balance 350…
A. 260 units at N1.50 B. 700 units at N1.50 C. 200 units at N1.50 and 500 units at N1.00…