Commission received is entered on the
...Commission received is entered on the
Credit side of the profit and loss account
Credit side of the trading account
Credit side of the cash book
Debit side of the profit and loss account
Debit side of the trading account
Correct answer is A
No explanation has been provided for this answer.
Given: Returns inwards............N1500 cash.......................N1550 Discount...................
Use the following information to answer the question \(\begin{array}{c|c} & Ade & Bola\\ &a...
Lighting..................N2925 Rent......................N2640 Salary....................N4050 ...
A trial balance is prepared to ...
In a not for profit making organization, the excess of income over expenditure is ...
Which of the following is not a purpose for which share premium may be utilized? ...
Which of the following is not a proper form of the accounting equation? ...
Which of the following is the basis accounting equation? ...