The capital contribution by the partners is treated in th...
The capital contribution by the partners is treated in the?
Current account
Capital account
Trading account
Balance sheet
Correct answer is B
Partnership capital account: Which shows the capital contribution of a partner, plus profits and minus losses and distributions.
Credit sales is given at 160% of cash received. What is the balance c/d? debit 64300 ...
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\(\begin{array} {c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 2...
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \h...
A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit ...
A credit note from a supplier for damaged goods would first be entered in the ...