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 accounting entries when goods are sold on credit at the branch are debit ...
The correct order of liquidity is ...
Abba offers 5% cash discount on goods worth N10,000, The discount allowed account is to be? ...
\(\begin{array}{c|c} & N\\ \hline \text{Motor Van} & 120,000\\ \text{Buildings} & 300,00...
Using the following information to answer the given question \(\begin{array}{c|c} Post & Gr...
\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/9...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...