Which of the following errors will affect the agreement o...
Which of the following errors will affect the agreement of the trial balance?
Error of original entry
Error of commission
Error of transposition
Error of omission
Correct answer is C
A transposition error is a simple error of data entry that occurs when two digits that are either individual or part of a larger sequence of numbers are accidentally reversed (transposed) when posting a transaction.
Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 each Capital res...
Carriage inwards on raw materials is recorded in the ...
Which of the following expenses constitutes prime cost? &n...
Which of the following is an asset? ...
Dairo and Segun are in partnership sharing profits and losses in the ratio 2:3 respec...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...
The document evidencing a disbursement of government fund is known as ...
A partnership’s internal regulation are set out by________ ...
Preliminary expenses of a limited liability company are ...
Use the following information to answer the question given \(\begin{array}{c|c} \text{Jan. 1} &...