Books of accounts are opened by the use of
...Books of accounts are opened by the use of
Balance sheet
General ledger
General journal
Trial balance
Correct answer is C
Journal is a prime entry into which transactions are entered on a daily basis. The journal is used to correct errors, recording entry transactions etc.
Replacement and renewal of fixed assets are? ...
Use the information to answer the given question. \(\begin{array}{c|c} & D\\ \hline \text{O...
\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/9...
Share premium is classified in the balance sheet as ...
An expenses account is closed by a debit to ...
On dissolution, the final distribution of cash to partners is based on? ...