Use the following to answer the given question:\(\begin{array}{c|c} & N \\ \hline \text{Opening debtors} & 40,000\\ \text{Opening creditors} & 30,000 \\ \text{Credit sales} & 100,000\\ \text{Credit purcha…
See more
2008
Which of the following is not an instrument for controlling public expenditure?
See more
2008
Which of the following is a norminal account?
See more
2008
Trade creditors personal accounts are found in the
See more
2008
Which of the following is a storage device?
See more
2008
The practice of identifying with one constant approach where a number of approach exist for solving an accounting problem is the convention of
See more
2008
Repairs to air conditioners was debited to office equipment account. This is an error of
See more
2008
Carriage inwards is posted to
See more
2008
The entries to record goods bought for cash are: debit
See more
2008
Henik Plc has departments A and B and has made the following information available concerning its operations:\(\begin{array}{c|c} & \text{Departmental A} & \text{Departmental B} \\ \hline \text{Turn over} & N…
See more
2008
Henik Plc has departments A and B and has made the following information available concerning its operations:\(\begin{array}{c|c} & \text{Departmental A} & \text{Departmental B} \\ \hline \text{Turn over} & N…
See more
2008
Which of the following is an advantage of the imprest system?
See more
2008
A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,000 to profit and loss account for the year. The concept applied is
See more
2008
An approach for discovering missing figures in incomplete records is the use of
See more
2008
In bank reconciliation, when a cash book shows a credit balance, uncredited cheques are i. deducted from the cash book balance. ii. added to the bank statement balance. iii. added to the cash book balance
See more
2008
Use the following information:\(\begin{array}{c|c} & \text{D} \\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinking of boreholes} & 100,000\\ \text{Staff salaries} & 150,000\\ \text{Electr…
See more
2008
Which of the following is not a subsidiary book?
See more
2008
Which of the following s not part of cost of production?
See more
2008
Payment for shares in installments is done by means of
See more
2008
The class of shares to which payment of dividend depends on profit is