Why are adjustments in the profit and loss account necess...
Why are adjustments in the profit and loss account necessary?
To cover some expenses of the following year
To ascertain the actual expenses incurred and income earned during the year
To show the provision made during the year
To show the total expenses paid and income received during the year
Correct answer is B
No explanation has been provided for this answer.
Zazzau Company: Cash in hand................N50 Cash in bank................N1,250 Stock..........
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...