A. stock account credit drawings B. drawing account, credit stock account C. personal account credit cash account D. cash account,…
A. stock account B. sales account C. total debtors control account D. total creditors control account Correct Answer: Option A…
A. #300 B. #400 C. #600 D. #200 Correct Answer: Option B - #400 Explanation Rent pay per month is…
I. Members subscription II. Fines from members III. Donation IV. Loan from bank A. I, III, IV B. I,…
A. gross profit B. statement of affairs C. suspense account D. appropriation account Correct Answer: Option B - statement of…
A. Returns outwards B. Discount Received C. Bad debts D. Purchases Correct Answer: Option D - Purchases Explanation some of…
A. income and expenditure account B. cashbook C. purchases day book D. sales journal Correct Answer: Option C - purchases…
A. #36,902 B. #27,502 C. #12,498 D. #43,098 Correct Answer: Option A - #36,902 Explanation opening balance = 12,202 +…
A. real and nominal accounts B. nominal and personal accounts C. real and current accounts D. personal and real accounts…
A. general expenses B. recurrent expenditure C. revenue expenditure D. capital expenditure Correct Answer: Option D - capital expenditure Explanation…