A. arithmetical accuracy of postings only B. accurate narration of the journal entries C. accuracy of the debit entry D.…
A. Journal entry B. double entry C. suspense account entry D. adjustment entry E. contra entry Correct Answer: Option E…
A. accrued wages B. creditor C. prepayment D. insurance due but unpaid E. rent arrears Correct Answer: Option C -…
A. shared capital B. working capital C. subscribed capital D. reserve capital E. loan capital Correct Answer: Option B -…
A. purchases day book B. sales day book C. returns inwards book D. returns outwards book E. journal proper Correct…
A. a charge to profit and loss account B. a charge to trading account C. an appropriation of divisible profit…
A. trading account and balance sheet B. profit and loss account and balance sheet C. balance sheet only D. trading…
A. income and expenditure account is prepared B. income and expenditure account excludes accruals and prepayments C. Income and expenditure…
A. consolidated fund B. recurrent fund C. accumulated fund D. working capital E. general reserve Correct Answer: Option C -…
A. for the year ended............19 x 1 B. for............19 x 1 C. as.............19 x 1 D. as at.........19 x 1…