A. payments B. stocking C. delivery D. discounts Correct Answer: Option A - payments Explanation A receipt is a written…
Given: # Drawings = 3,500 Net loss = 2,500 Capital 1/1/2007 = 35,000 Additional capital = 10,000 A. #45,000 B.…
A. When goods are received from supplier B. When a trial balance is extracted C. When a buyer is under…
A. opening stock will be increased B. net profit will be understood C. net profit will be overstated D. opening…
A. Accumulated depreciation B. Retained profit C. Share premium D. Loss on forfeited shares Correct Answer: Option B - Retained…
A. bank statement and debit note B. cheque book and cashbook C. cheque stub and deposit slip D. payslip and…
A. accrued expenses B. lighting and heating C. salaries and wages D. general expenses Correct Answer: Option A - accrued…
A. accounting ratios B. income and expenditure extract C. balance sheet extract D. found accounting Correct Answer: Option A -…
A. return on capital employed B. gross profit margin C. net profit margin D. return on equity Correct Answer: Option…
A. business decision making B. due process in business C. motivating employees D. determining the work force Correct Answer: Option…