On the 30/5/93 Tolu & Co. paid 2 years rent of N50,00...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.
The adjustment needed as at 31st December 1993 is?
Debit rent account and credited adjustment account
Debit prepayment account and credit rent account
Debit rent account and credit prepayment account
Debit adjustment account and credit prepayment account
Correct answer is C
No explanation has been provided for this answer.
Impersonal Accounts contain ...
When the letter "C" is written in front of an entry in the folio column of a cash book, it...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
Which of the following is an item in the debit side of the sales ledger control account? ...
The difference between the market value of goods produced and the cost of production is ...
Which of the following is not contained in a journal? To record ...