Agreement between partners is contained in the partnership
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2013
The accounting principle that states that, In the preparation of account statements, revenues are recognized as soon as goods is passed on to the customer is the
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2013
Which of the following accounts has credit balance?
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2013
The minimum number of persons required to form a partnership business is
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2013
Cash receipts and payments involving discounts are entered in
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2013
Use the following information to answer the question given:\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & \text{D} & \text{D} \\ \hline \text{Creditor} & 2,495 & 2,285\\ \text{Debto…
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2013
Which of the following is recorded on the debit side of the Trial Balance?
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2013
A business is treated as being separated from owners. This statement is emphasized by
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2013
The accumulative fund of a non-for-profit making organization is
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2013
Reserves account is kept in the
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2013
Which of the following is a nominal account?
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2013
The double entry principle states that
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2013
\(\begin{array}{c|c} \text{Net profit} & 60,000 \\ \hline \text{Total assets} & 520,000 \\ \hline \text{Current liabilities} & 150,000 \\ \hline \text{Currents assets} & 280,000 \\ \end{array}\)The return…
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2013
Use the following information to answer the question given:\(\begin{array}{c|c} & N \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Cur…
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2013
Use the following information:\(\begin{array}{c|c} & N \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & 520,000\\ \text{Current liabilities} & 150,000 \\ \text{Current assets} & 280,000 \e…
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2013
Which of the following is not a book of original entry?
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2013
A petty cashier received a float of GHC 84. The imprest is
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2013
A dishonored cheque is
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2013
The order of financial accounting process involves i. recording ii. presenting iii. collecting iv. analyzing