Which of the following is entered in the general journal?...
Which of the following is entered in the general journal?
Purchase of goods
Sale of goods on credit
Returns inward
Acquisition of fixed assets
Correct answer is D
The general ledger should include the date, description and balance or total amount for each account. It is usually divided into at least seven main categories. These categories generally include assets, liabilities, owner's equity, revenue, expenses, gains and losses.
Which of the following items is not shown in the Trial Balance ...
The process whereby a cheque received by one person is given to another is known as? ...
Use the following to answer the given question DEBTORS CONTROL ACCOUNT: \(\begin{array}{c|c} &...
The chief accounting officer of Nigeria is called the ...
Subscription prepared by members is recorded in the balance sheet of a club as a ...
Reliability as a quality of accounting information means that accounting ...
Set-off is carried out in the control account when ...
Mark-up on goods sent to branch offices are recorded in the books by creating ...