The balance of the pretty cash book should be
The balance of the pretty cash book should be A. deducted from the balance of the cash account…
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The purchase of a typewriter for office use for N2,500 should be debited to
The purchase of a typewriter for office use for N2,500 should be debited to A. bank accoun B.…
An overdraft is usually shown as a
An overdraft is usually shown as a A. credit balance in the cash column of the cash book…
A credit note from a supplier for damaged goods would first be entered in the
A credit note from a supplier for damaged goods would first be entered in the A. purchase day…
The sales day book will show goods sold
The sales day book will show goods sold A. for cash and credit B. for cash C. on…
The trial balance will show return outwards account N60. discount allowed account N100, respectively as
The trial balance will show return outwards account N60. discount allowed account N100, respectively as A. N60 credit,…
Which of the following is true of the uses of the journal proper? i. correction…
Which of the following is true of the uses of the journal proper? i. correction of errors. ii.…
Which of the following errors affects the trial balance?
Which of the following errors affects the trial balance? A. commission B. omission C. principle D. original entry…
Abid and Onik were in partnership sharing profit in the ratio 3 : 2. Their…
Abid and Onik were in partnership sharing profit in the ratio 3 : 2. Their respective capitals were…
Which of the following is not true of revenue expenditure? i. It is incurred in…
Which of the following is not true of revenue expenditure? i. It is incurred in one period of…