The trader's capital in a single entry system is asce...
The trader's capital in a single entry system is ascertained by preparing
Gross profit
Statement of affairs
Suspense account
Appropriation account
Correct answer is B
A Statement of Affairs is a document detailing a company's assets and liabilities. Generally prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view.
The discount column on the left-hand side of cashbook represents a discount ...
Partners' salaries and drawings are usually posted to the ...
Which of the following in a classified form contains a permanent record of all transactions? The ...
Given: Authorized Capital: N100,000 ordinary shares of N1 each Issued and fully paid: 50,000 or...
Cash discount is often recorded on? ...
A company advertised and issued 750,000, 12% preference shares of N1 each to be issued ₦1.50 ...
Nzemaman Local Government incurred the following expenditure in the year 2015. Construction...