Stock account is a type of
...Stock account is a type of
Nominal account
Personal account
Real account
Fixed assets account
Correct answer is C
Examples of Real Accounts. The real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Stockholders' equity accounts (common stock, retained earnings, etc.)
When goods are sent to the branch at cost plus mark-up, it means that the branch should sell at ...
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\(\begin{array}{c|c} & & ₦ \\ \hline \text{capital accounts:} & Ojo & 40,000 \\ &a...
\(\begin{array}{c|c} & D \\ \hline \text{Cash in hand}& 1,440\\ \text{Cash at bank} & 24...
Calculate the closing stock under FIFO method ...
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Which of the following items is not shown in the Trial Balance ...