The distinguishing feature between a two-column cash book...
The distinguishing feature between a two-column cash book is
Discount column
Cash column
Bank column
Ledger folio
Correct answer is A
No explanation has been provided for this answer.
A sole trader purchased goods in cash worth N2000 at 2% discount and made a cash sale of N1000 at th...
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Cash paid to jake, N2,500 was entered on the credit side of his account and debited to cash account....
Carriage inwards are ...
Cash discount received is shown in the i. Cash ii. Discount Received Account iii. Sup...
For the purpose of conversion of a partnership to a company, a total purchase consideration of N3.6m...
Capital..............................N60,000 Bank.................................N12,500 General ...
Preliminary expenses of a limited liability company are ...
A debit balance of N420 on the purchase ledger control account means that as at that date..............
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
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