When both debit and credit entries in respect of a transa...
When both debit and credit entries in respect of a transaction are made in the same ledger account, this is
A ledger entry
An accounting entry
A folio entry
A contra entry
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a source of the local government Revenue? ...
The interest on Keme's drawings is calculated as? ...
Given: I. It records subscription in arrears II. Payments of liabilities is effected III. The a...
The payee of a cheque is the ...
Years Current Assets Liabilities Fixed Assets Capital ...
Which of the following is not a balance sheet item? ...
Given: 31/12/98 31/12/99 Assets: Plant and Mach. N1,500 N1,200 Fixtures N700 N520 Stock N500 N600...
Keeping records under single entry system has the advantage of ...