N40,800
N61,100
N88,200
N108 500
Correct answer is B
No explanation has been provided for this answer.
The journal entries for the purchase of stock on credit are to debit?
Stock account and credit cash account
Stock account and credit liability account
Purchase account and credit liability account
Suspense account and credit cash account
Correct answer is C
No explanation has been provided for this answer.
The concept that has much influence over asset valuation and income determination is?
Entity
Realization
Conversactism
Matching
Correct answer is B
No explanation has been provided for this answer.
The double principle of accounting was developed by?
Frank Wood
Luca Pacioli
Akintola Williams
William Pickles
Correct answer is B
No explanation has been provided for this answer.
The statement of assets and liabilities in the public sector can be described as the?
Income and expenditure account of government
Appropriation account of government
Balance sheet of government
Funds flow statement of government
Correct answer is A
No explanation has been provided for this answer.