Which of the following items is found in the sales ledger...
Which of the following items is found in the sales ledger control account?
Discount received
Total credit purchases
Discount allowed
Returns outwards
Correct answer is C
A discount allowed is when the seller of goods or services grants a payment discount to a buyer. Discount allowed has to do with purchases
Expense paid during the conversion of a partnership to a company are? ...
Le Capital (01/01/2020) 1,934,600...
\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000 \\ \text{Residual value}...
Where the head office maintains all books of account, goods sent to branch is credited to ...
The art of collecting, recording, presenting and interpreting accounting data is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Balance as per cash book} & 18,000\\ \text{Dishon...
Which of the following is a factory overhead? ...
When shares are sold at less than the nominal value, it means they are issued at ...