A. capital account B. debit side of the trading account C. credit side of the prfit and loss account D.…
A. gross sales B. gross profit C. net sales D. net profit E. manufacturing profit Correct Answer: Option D -…
motor car costing N10,000 was depreciated at 20 percent annum by the diminishing balance method. Two years late, it was…
A. compensating error B. error of omission C. error of principle D. error of original entry E. error of transportation…
A. a debit suspense account N800,credit Jeje's account N800 B. debit bank to correct N400, credit Jeje's account N400 C.…
A. drawing accounts B. premises account C. machinery account D. depreciation account E. V. Okafor's account Correct Answer: Option E…
A. purchases account B. capital account C. machinery account D. depreciation account E. rent and rentals Correct Answer: Option D…
A. bank charges and commission B. cheques issued, presented and cashed C. bank lodgements D. payments made by the bank…
A. a debit balance only B. a credit balance only C. both debit and credit balances D. a debit or…
A. cash sales to customers only B. credit sales to customers only C. credit sales less cash sales D. cash…