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Browsing Category

Answers

44896 posts
  • Answers

Which of the following is correct about cost of goods sold?

Which of the following is correct about cost of goods sold? A. opening stock + purchases – closing…
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Use the following information to answer the question (begin{array}{c|c} text{Unpresented cheques} & N85,305 \ text{Balance…

Use the following information to answer the question (begin{array}{c|c} text{Unpresented cheques} & N85,305 \ text{Balance as per bank…
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Which of the following terms describes the provision made for the loss in the value…

Which of the following terms describes the provision made for the loss in the value of an asset…
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The total of the purchases day book is posted to the purchases account in the

The total of the purchases day book is posted to the purchases account in the A. general ledger…
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Use the following information to answer the question (begin{array}{c|c} text{prepared} & text{1/01/2003} & N600.00\ text{Rent…

Use the following information to answer the question (begin{array}{c|c} text{prepared} & text{1/01/2003} & N600.00\ text{Rent paid} & text{31/12/2003}…
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Pending the location of an error, the difference disclosed in a trial balance is temporarily…

Pending the location of an error, the difference disclosed in a trial balance is temporarily treated in A.…
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Which of the following items is not shown in the Trial Balance

Which of the following items is not shown in the Trial Balance A. closng stock value B. opening…
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Rent receivable account is an example of

Rent receivable account is an example of A. nnorminal account B. real account C. personal account D. private…
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The principle entry book-keeping states that every

The principle entry book-keeping states that every A. every debit entry must have a corresponding credit entry B.…
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Which of the following is used to record the purchase of fixed asset on credit?

Which of the following is used to record the purchase of fixed asset on credit? A. sales journal…
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