Money spent on buying of plots of land by a firm is
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OAU Post UTME Accounts Past Questions
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Spending on ordinary business overheads is referred to as
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In a balance sheet, bank overdraft is
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The receipts and payments of a club is the same as
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The journal is a book
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A company’s profit and loss account for a period is prepared by
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Which of the following is not an asset
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At the end of a trading period, direct wages incurred for goods sold but still unpaid will be
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A debit balance on a bank statement indicates that
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Which of the following is the most liquid
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Which of the following is a function of the sales journal
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Which of the following is a long term liability
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Where a proprietor withdraws cash from the business for his private use, the entries would be
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A credit note from a supplier would first be entered in the
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The bad debt account is closed by transferring the balance to
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Use the following to answer the question below: Cr (N)Dr (N)Goodwill100,000________Plant and machinery320,000________Freedom premises500,000________Stocks150,000________Debtors125,000________Cash in bank75,000________Cas…
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Use the following to answer the question below: Cr (N)Dr (N)Goodwill100,000________Plant and machinery320,000________Freedom premises500,000________Stocks150,000________Debtors125,000________Cash in bank75,000________Cas…
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A business has the following balanced trial balance. All amounts are in naira.ItemDebit (₦)Credit (₦)Goodwill100,000Plant and machinery320,000Freehold premises500,000Stock150,000Debtors125,000Cash in bank75,000Cash in ha…
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Use the following to answer the question below: Cr (N)Dr (N)Goodwill100,000________Plant and machinery320,000________Freedom premises500,000________Stocks150,000________Debtors125,000________Cash in bank75,000________Cas…
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Use the following to answer the question below: Cr (N)Dr (N)Goodwill100,000________Plant and machinery320,000________Freedom premises500,000________Stocks150,000________Debtors125,000________Cash in bank75,000________Cas…
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