A sales Day book is used for recording
Credit sales
Sales returns
Hire purchase
Cash sales
Correct answer is A
No explanation has been provided for this answer.
Which of the following is the basis accounting equation?
Assets = capital + liabilities
Capital = assets + liabilities
Liabilities = assets + capital
Assets = liabilities + equity
Correct answer is A
No explanation has been provided for this answer.
A stock as a form of capital of a company comprises
Tons of merchandise
Units of goods
Units of shares
Bundles of wares
Correct answer is C
No explanation has been provided for this answer.
Creditor
Promoter
Debtor
Shareholder
Correct answer is A
No explanation has been provided for this answer.
₦30,505 cr.
₦9,505 cr.
₦9,505 dr.
₦30,500 dr.
Correct answer is A
No explanation has been provided for this answer.