Which of the following items is a current liability?
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2016
In accounting context, purchases refer to
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2016
In the preparation of the trading account of omuya Ltd., the company included credit sales of ₦18,000 made during the year. The concept guiding this treatment is the
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2016
Which of the following items of expense involves actual cash payment?
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2016
Bank reconciliation statement is prepared to reconcile the differences between
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2016
One of the purchases invoices of Mr.Dauda showed D96,240 less 12 \(\frac{1}{2}\)% trade discount and cash discount of 20%. Since Mr Dauda paid the amount due within the credit period, the amount paid is
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2016
Cash paid to jake, ₦2,500 was entered on the credit side of his account and debited to cash account. This is an error of
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2016
A petty cash account has an imprest of GH¢ 6,000. If GH¢ 2,000 were left, how much will be re-imbursed at the end of the period?
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2016
A bank statement shows an overdraft of GH¢ 190,000. Kofi a debtor paid GH¢ 400,000 into the account. The new balance is
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2016
Which of the following errors are errors of commission?I. A cheque paid to Adam debited to Adam's account.II. Credit sales to Eva credited to sales account but debited to Eve's account.III. Furniture repairs debited to f…
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2016
Nwoye buys stock and pays by cheque. The entries in the books of Nwoye is Debit
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2016
Which of the following are impersonal accounts ?I. InvestmentII. CreditorsIII. PremisesIV. DebtorsV. Salaries