Use the following information to answer this question
Le
Sales for the year 450,000
Purchases for the year 230,000
Opening stock 60,000
Closing stock 40,000The mar…
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2021
Use the following information to answer this question
Le
Sales for the year 450,000
Purchases for the year 230,000
Opening stock 60,000
Closing stock 40,000The sto…
See more
2021
Sales account was undercast byGH¢ 1,000. When this is corrected, both the gross profit and the net profit would
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2021
Accounting evolved out of the need of businesses for
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2021
Net profitof a sole proprietor is transferred to the
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2021
Goods returned to the supplier is recorded in the accounts as: debit
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2021
Reducing balance method charges depreciating as fixed percentage of the
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2021
Use the following information below to answer this question.Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 w…
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2021
Use the following information below to answer this question.Attama and Wawa were in partnership sharing profits and losses in the ratio 4:3. Attama was entitled to a salary of D13,000 per annum. A net profit of D34,000 w…
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2021
The difference between the market value of goods produced and the cost of production is
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2021
Where partners maintain a fluctuating capital account, partners' share of profit is credited to
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2021
A limitation of the money measurement concept is that
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2021
In the preparation of financial statements, full disclosure of minor events are ignored in line with
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2021
The original record containing the details of a transaction which serves as a basis for posting is