A credit purchase of D 63 from Kofi has been entered in he accounts as D 16. This is an error of
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2024
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GH¢
Trade creditors 1/1/2022 35,00…
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GH¢
Trade creditors 1/1/2022 35,00…
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2024
A debit balance of D 61,000 on a customer's bank statement means that
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The objective of preparing a departmental account is to
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The margin for a business is 2/5 and the cost of sales is $ 120,000.
The sales value for the business is
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The margin for a business is 2/5 and the cost of sales is $ 120,000.
The mark-up for the business is
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2024
An account in the real ledger is
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Which of the following items will not be charged to the manufacturing account?
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Subscriptions classified in the balance sheet as a current asset is subscriptions
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An item is classified as a current asset if it is
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The concept that underlies the comparing of expenditure for a period with the revenue of same period is
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Bayo issued a credit note to Ayo who returned defective goods. Each party maintains sales ledger control account and purchases ledger control account.
Bayo will r…
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2024
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Bayo issued a credit note to Ayo who returned defective goods. Each party maintains sales ledger control account and purchases ledger control account.
Ayo will reco…
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2024
In an incomplete record, the excess of opening capital ove closing capital is
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Work-in-progress is an item in
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Expense incurred but not yet paid is
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The class of shares which are available only to the promoters of a company are