Where records maintained are inadequate to facilitate the preparation of a trading and profit and loss accounts, this is described as
See more
2010
Subscriptions received in advance are
See more
2010
Which of the following is the equivalent of the receipts payment accounts?
See more
2010
Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what is the gross profit?
See more
2010
Use the following information to answer the given question:\begin{array}{c|c}
\text{1/1/06 Debtors} & D2,600\\
\text{1/1/06 Provision for bad debts} & D60\\
\text{31/12/06 New provision for bad debts} &…
See more
2010
Which of the following in the found in the general ledger?
See more
2010
In the preparation of bank reconciliation statement cheque are
See more
2010
A temporary difference of bank occurs in only one account with the second figure stated, this is an error of
See more
2010
The balance in a sales Ledger Counter Account indicates the
See more
2010
Which of the following is added to the proprietor's capital?
See more
2010
Where a wrong figure occurs in only one account with the second figure correctly stated, this is an error of
See more
2010
Use the following information to answer the question given:\(\begin{array}{c|c} \text{Jan. 1} & \text{N}\\ \hline \text{1/1/08 Capital introduced by cash} & 50,000 \\ \text{2/1/08 Bought goods for retail by cash}…
See more
2010
Which of the following is not found in a trial balance?
See more
2010
A ledger is a
See more
2010
Which of the following is the reason why a seller allows a customer cash discount?
See more
2010
A trial balance is prepared to
See more
2010
Which of the following is not an external user of accounting information?