Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri s books are: debit
Bank Account; credit Suleman's Account
Bank Account, credit Debtors Account
Suleman's Account; credit Bank Account
Suleman's Account; credit Cash Account
Correct answer is C
No explanation has been provided for this answer.
In public sector accounting, salaries of employees are classified as
Capital expenditure
Capital receipt
Recurrent expenditure
Recurrent receipt
Correct answer is C
No explanation has been provided for this answer.
N3,480,000
N2,850,000
N2,700,000
-N2,550,000
Correct answer is B
No explanation has been provided for this answer.
Use the following information to answer questions the question below
N3,330,000
N2,910,000
N2,760,000
N2,610,000
Correct answer is B
No explanation has been provided for this answer.
ln a not-for-profit organization, the accumulated fund is
Current assets plus fixed assets less total liabilities
Long-term liabilities plus current liabilities
Fixed assets plus current assets plus long-term liabilities
Fixed assets less long-term liabilities less current liabilities
Correct answer is A
No explanation has been provided for this answer.