If salary account is debited instead of stationary accoun...
If salary account is debited instead of stationary account, the error committed is that of?
Commission
Omission
Principle
Compensation
Correct answer is A
An error of principle is an accounting mistake in which an entry is recorded in the incorrect account.
The working capital of the club is ...
The transaction that completes its double entry in the same ledger account appears in ...
In the period of rising prices, which method of stock valuation is most appropriate? ...
Sales--------------- 120,000 Purchase-----------100,000 Opening stock-----10,000 Closing stock---...
Given: Liabilities..............N23,700 Current assets...........N20,300 Fixed assets...............
NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 ...
Which of the following expenses is apportioned between departments based on sales? ...