The principle entry book-keeping states that every
every debit entry must have a corresponding credit entry
debtor must have a creditor
double debit must must have a double credit entry
account debited should also be credited
Correct answer is A
No explanation has been provided for this answer.
Use the following information to answer the given question
N5,350
N5,150
N4,500
N4,250
Correct answer is A
No explanation has been provided for this answer.
The sales day Book is used to record
cash and credit sales
credit sales
cash sales
sales to middleman
Correct answer is A
No explanation has been provided for this answer.
A list of all credit and debit balance from the ledger accounts is
Trial balance
Profit and loss statement
Statement of affairs
Balance sheet
Correct answer is A
No explanation has been provided for this answer.
Which of the following accounts has a debit balance?
Capital reserve
Revenue reserve
Share premium
Share discount
Correct answer is D
No explanation has been provided for this answer.