If a promoter pays a lawyer N5,000 for services rendered ...
If a promoter pays a lawyer N5,000 for services rendered in preparing a Memorandum of Incorporation, the journal entry is to debit?
Preliminary expenses, credit cash accounts
Promoter, credit creditors' accounts
Lawyer's credit cash accounts
Cash, credit incorporation accounts
Correct answer is A
No explanation has been provided for this answer.
Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...
All cash transactions of a not-for-profit making organization are recorded in ...
Which of the following is a book of ordinary entry? ...
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...
When the going concern concept is no longer applicable, the fixed assets are recorded at their ...
The total of the purchases day book is posted to the purchases account in the ...
Which of the following is true in Public sector accounting? Cost of assets is ...