An office equipment bought for use was found to be defect...
An office equipment bought for use was found to be defective and returned to the supplier. The subsidiary book to record this transaction is
Returns outwards journal
Returns inwards Journal
Purchase journal
General journal
Correct answer is A
No explanation has been provided for this answer.
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000 The margin would be ...
When an asset is sold, the entries for the accumulated depreciation are; debit ...
Expenditure incurred to maintain an asset's earning capacity is called ...
Which of the following is a current asset item? ...
Which of the following is not a feature of accounting information? ...
The aggregate of amounts owed to a business by is customers is known as ...
The value of the sales ledger control account is derived from the summation of ...
In the absence of partnership agreement, profits and losses are shared ...
Which of the following accounting records are source documents? ...