Partners' salaries and drawings are usually posted to...
Partners' salaries and drawings are usually posted to the
Trading account
Current account
Capital account
Partners' account
Correct answer is B
No explanation has been provided for this answer.
Which of the following demonstrates the imprest system? ...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
\(\begin{array}{c|c} \text{Capital} & 12,700 & \text{Purchases} & 7,100 \\ \hline \text{...
A trading account is prepared to disclose the ...
Changes can occur in partnership when: i. Partnership is dissolved ii. There is amalga...
When the letter "C" is written in front of an entry in the folio column of a cash book, it...