The purchase of two generators by Hassan Electronics Enterprises should be recorded as?

NBank account 59,410Capital account 50,000Purchase account 20,000Rent 2,500Stationery 90Typewriter 6,500Sales 38,000In preparing a trial from the list of balances given above, what is the total in debit and credit columns?

When a transaction causes an assets account to increase, there is?

A business transaction is recorded in the books of account when the?

An advantage of the use of the voucher system is that it?

Responsibility accounting is particularly concerned with?

Cost reports for the intention of management should reflect?

The Act establishing the institute of Chartered Accountants of Nigeria (ICAN) came into force on?

1998 JAMB UTME Accounts Past Questions