A temporary difference of bank occurs in only one account...
A temporary difference of bank occurs in only one account with the second figure stated, this is an error of
Adjustment account
Suspense account
Imprest account
Appropriation account
Correct answer is B
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
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\(\begin{array}{c|c} \text{Branch stock account (at selling price)} & D346,000 - debit \\ \text{...
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Given: Returns inwards............N1500 cash.......................N1550 Discount...................