The power to appoint the Auditor General of the Federation is vested in the
National Assembly
Civil Service Commission
Judicial Service Commission
President
Correct answer is D
No explanation has been provided for this answer.
The value of the sales ledger control account is derived from the summation of the
Total creditors control account
Total debtors control account
All day books
Both the debtors and creditors accounts
Correct answer is B
No explanation has been provided for this answer.
The standing order is a payment instruction given by a
Customer to a fellow customer
Bank to an employee
Customer to the bank
Bank to the customers
Correct answer is C
No explanation has been provided for this answer.
Which of the following are advantages of departmental accounts?
The capital of the business can be calculated easily
Easy knowledge of the sources of funding
Encouragement of healthy rivalry among the various department
The department making the highest profit can be easily determined
Correct answer is D
No explanation has been provided for this answer.