A trader paid N15,000 on rent for 15 months but charged N...
A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of
Accrual
Materiality
Prudence
Going-corncern
Correct answer is B
No explanation has been provided for this answer.
An expenses is said to be revenue in nature if it ...
Sale of goods for N500 to Eddy was not posted. This is an error of ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
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Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
The following information were extracted from the books of Miliki state Sinking ...
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Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
Use the information to answer the given question \(\begin{array}{c|c} Dr & & & &...
The value of the sales ledger control account is derived from the summation of ...