A credit purchase of N200 from Osae was posted to the acc...
A credit purchase of N200 from Osae was posted to the account of Osei. This is an error of
Principle
Commission
Omission
Original entry
Correct answer is B
No explanation has been provided for this answer.
The basis upon which assets of an organization is valued is the ...
\(\begin{array}{c|c} & D\\ \hline \text{Construction of classrooms} & 500,000\\ \text{Sinkin...
N Net profit -------------------------17,460 Capital account: Taiwo--------50,000 &...
The sales ledger control account is also referred to as ...
\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
An item is fictitious because it ...
Impersonal real accounts include: i. expenditure on telephone ii. motor vehicles iii....
Use the following information to answer the given question: SALES LEDGER CONTROL ACCOUNTS \(\be...