Abdul paid off his indebtedness to John by cash. The accounting entries in Abdul's books are: debt
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1993
Use the following information to answer the given question:\(\begin{array}{c|c} & & N \\ \hline \text{Purchases:} & \text{raw materials} & 20,000 \\ & \text{finished goods} & 15,200 \\ \text{Stock…
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1993
Use the following information to answer the given question:John and Johnson are in partnership, sharing profit and losses in the ratio 3 : 2. Other information are as follows:\(\begin{array}{c|c} \text{Capital} & \te…
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1993
Use the following information to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{10,000 ordinary shares of N1 each} & N10,000\\ \text{5,000 5% preference shares of N1 each} & N5,000 \\ \tex…
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1993
Use the following information to answer the given question:\(\begin{array}{c|c} \text{Rent paid 31/12/89} & N4,000\\ \text{Rent owing 1/1/89} & N500 \\ \text{Rent owing 31/12/89} & N300\end{array}\)Rent for 1…
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1993
Which of the following accounts is not kept by a local government?
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1993
Carriage inwards are
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1993
The excess of current assets over current liabilities is
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1993
Gavon. Ltd. failed to record ₦2,000 wages. The error committed is that of
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1993
Income received in advance is shown in the balance sheet as
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1993
Which of the following is a fictitious asset?
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1993
Which of the following is a Revenue Income?
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1993
Debenture is a
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1993
Trade debts amounting to ₦300 were written off. Which of the following would be affected?
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1993
A partner's drawing is debited to
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1993
Which of the following does not belong to the group?
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1993
Which of the following is the most liquid?
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1993
Which of the following does not belong to the group?
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1993
which of the following is not a Nominal Account?
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1993
Purchases in accounting refers to goods bought for