A. Assets + Liability = Equity B. Assets + Equity = Liabilities C. Liabilities + Equity = Asset D. Liabilities…
A. Bank balance decrease and cash balance increase B. bank balance decrease and cash balance decrease C. cash balance increase…
A. Federal government B. state government C. local government D. municipal government Correct Answer: Option C - local government
A. Consolidated Revenue Fund B. Consolidated Reserve Fund C. Special Operational Fund D. General-Reserve Fund Correct Answer: Option A -…
A. received from a creditor B. allowed to a debtor C. received from a debtor D. allowed to a creditor…
A. cash discount B. trade discount C. cash transaction D. Bank transaction Correct Answer: Option A - cash discount Explanation…
Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Disposal of assets A. II…
A. the partnership experiences super profit B. a new member is admitted C. the business is being expanded D. the…
A. sales B. carriage outward C. carriage inward D. opening stock Correct Answer: Option B - carriage outward Explanation Carriage…
₦ Balance as per cashbook 5467 Uncredited cheques 4410 Unpresented cheques 19404 Cheques wrongly debited by bank 1404 A.…