How are credit sales by a department treated?
...How are credit sales by a department treated?
The same way as normal debtors' transactions
In a different way from normal debtors' transactions
As an addition to the production manager's account
As an addition to the production managers' account
Correct answer is A
No explanation has been provided for this answer.
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
The balance sheet is prepared to reveal ...
N Bank account 59,410 Capital account 50,000 Purchase account 20,000 Rent 2,500 Stationery 90 ...
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit? ...
When stock is withdrawn for personal use, the accounting entries is to debit ...