The error that affects the agreement of a trial balance totals is
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2023
Wages of machine operators in manufacturing account are treated as
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2023
The concept which underlines double entry bookkeeping is
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2023
The reason for treating carriage inwards in the trading account is because
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2023
Use the following information to answer the questionsThe transactions of All Girls' Social Club for the year 2021 are as follows:Bar sales D 30,000; Bar purchases D 17,000 and Rent D 1,20031st December20202021 DDStock at…
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2023
Use the following information to answer the questions
The transactions of All Girls' Social Club for the year 2021 are as follows:
Bar sales D 30,000; Bar purchases D 17,000 and Rent D 1,20031st December20202021DDStock…
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2023
The accumulated fund for a not-for-profit making organization is
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2023
The allocation of funds from treasury to accounting heads in public sector is
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A business should not lay claim to any profit before it is earned. This is in accordance with the
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The purchase day book is used to record
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A partnership is formed by
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Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000 capital. What would have accounted for the closing capital?
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The accounts maintained in the nominal ledger are
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Profit distributed to ordinary shareholders of a limited liability company is
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The accounting concept which is the basis upon which assets of a business are valued is the
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One of the internal users of accounting information is the
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Suppliers' personal account are found in the
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In the final account of a limited liability company, debenture interest paid is recorded in the
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2023
Use the following information to answer the question$Trade creditors (31/12/2020)4,000Paid for purchases in 2021: Cheques110,000Carriage inwards1,000Trade creditors (31/12/2021)6,000
The balance c/d on trade creditors w…
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2023
Use the following information to answer the question$Trade creditors (31/12/2020)4,000Paid for purchases in 2021: Cheques110,000Carriage inwards1,000Trade creditors (31/12/2021)6,000
The total purchase in 2021 is