An organization which has records of only personal accoun...
An organization which has records of only personal accounts is said to be operating on the basis of
Single entry
Real accounts
Nominal accounts
Double entry
Correct answer is A
A single entry system records a transaction with a single entry and only maintains one side of every transaction.
Returns inwards is also called ...
\(\begin{array}{c|c} & ₦\\ \hline \text{Opening stock} & 40,000\\ \text{Purchases} & 1...
........................31/12/08...........31/12/09 Furniture and fittings..N21,000,............N...
Stock valuation is useful because it forms the sales department on the? ...
Cash stolen from branch-taking s is recorded in the Head Office books by debiting ...
Which of the following rules is applicable in the absence of a partnership agreement? Inte...
Which of the following relates to the essence of partnership? To ...
keeping records under the single entry system has the advantage of ...