The total value received by company as consideration for shares issued constitutes
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2011
John received a cheque from Dawda, a debtor, in payment for goods purchased by Dawda on credit. The transaction will be recorded in john's
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2011
A bookkeeper debited Motor Vehicle Account instead of Motor Expenses Account. This is an error of
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2011
Prime cost is derived by adding i. cost of raw materials consumed ii. indirect expenses iii. direct labour iv. factory expenses v. work-in-progress vi. direct expenses
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2011
The document from which entries are transferred to the purchases day book is the
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2011
Subscriptions owed by members of a club is a/an
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2011
Accumulated fund is also referred to as
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2011
A petty cashier operates with an imprest of D1,000 per week. At the end of the week he had disbursed D920. How much is needed to restore the imprest?
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2011
The method of ascertaining capital from income record is by preparing the
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2011
Goods returned by the buyer is recorded in the seller's book as
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2011
Which of the following is a subsidiary book?
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2011
Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their respective capital were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit…
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2011
Okoro and Osula are in partnership sharing profits and losses in the ratio 3 : 2 respectively. Their respective capital were ₦7,000 and ₦5,000. Interest on capital was 5% and interest on drawings was 10%. The net profit…
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2011
The document used in government accounting to shoe evidence of cash receipt and payments is the
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2011
Which of the following errors will affect the totals of a trial balance?
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2011
In departmental accounts, rent is appointed on the basis of
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2011
Which of the following is not a subsidiary book?
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2011
When a transaction is completely left out from the books, it is an error of
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2011
Which of the following is not recorded in a partnership appropriation account?