Principle
Omission
Reversal of entries
Original entries
Correct answer is A
No explanation has been provided for this answer.
Commission of N5,000 to a sales representative is debited to salaries account. This is an error of
Reversal of entries
Principle
Commission
Compensation
Correct answer is B
No explanation has been provided for this answer.
Suppliers personal accounts are found in the
Purchases ledger
Sales account
Purchases accoun
Sales ledger
Correct answer is A
No explanation has been provided for this answer.
In which ledger is the control account prepared?
Nominal ledger
General ledger
Sales ledger
Purchases account
Correct answer is B
No explanation has been provided for this answer.
Of ordinary entry
Containing the ledgers
Found in the journal
Containing the balance sheet
Correct answer is A
No explanation has been provided for this answer.