A. posting disscount allowed to the debit side of the discount allowed account
B. omision of one account from the list when extracting from the ledger
C. failure to post sales of N2,000 and purchases of N2,000 from the subsidiiary ledger
D. omission of sales of N3,000 and purchases of N2,000

Correct Answer:

Option D – omission of sales of N3,000 and purchases of N2,000

SEE ALSO  XYZ Enterprises bought ABC Enterprises by issuing 30,000 ordinary shares of N1 each at a discount of 5%. The assets of ABC Enterprises are stock N18,000. Debtors N11,000. The purchase consideration was

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