N260
N300
N200
N380
Correct answer is B
No explanation has been provided for this answer.
The medium of correcting errors whose differences are shown in the trial balance is by the use of?
Debtors' account
Creditor's account
Suspense account
Ledger account
Correct answer is C
A suspense account is an account used to temporarily store transactions for which there is uncertainty about where they should be recorded. It is also used in correcting some errors that are shown or revealed by the Trial Balance.
The major feature of a journal is that it has?
Six columns, date, particulars, folio, amount, debit and credit
Five columns, date particulars, folio, debit and credit
Three columns, date particulars and folio
Four columns, date particulars, folio and amount
Correct answer is B
No explanation has been provided for this answer.
N4,250
N3,500
N4,300
N3,450
Correct answer is D
No explanation has been provided for this answer.
ii, i and iii
i, iii and ii
ii, iii and i
i, ii and iii
Correct answer is B
No explanation has been provided for this answer.