Prepaid rent of N650 had been recorded as N560. This is a...
Prepaid rent of N650 had been recorded as N560. This is an error of
Commission
Principle
Compensation
Original entry
Correct answer is D
No explanation has been provided for this answer.
Le Raw materials: Stock (01/01/2017) 8...
The concept of Double Entry Book-Keeping states that ...
Bariga, a stock broker bought stationery for N 12000 by cash. To record this transaction, debit? ...
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
Goods returned to a supplier is ...
What is the working capital? ...
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...