Which of the following is a trading account item?
...Which of the following is a trading account item?
Discount allowed
Discount recieved
Carriage outwards
Carriage inwards
Correct answer is D
Carriage inwards is the shipping and handling costs incurred by a company that is receiving goods from suppliers. It is added to the cost of purchase and recorded in the trading account
Given: Total cash received from debtors 30,000 Total purchases for the period 21,000 Amount owe...
Accumulated fund on 1st January 1993 is ...
When a bill is negotiated to a bank, it is said to be? ...
In a partnership goodwill is recognized when ...
Segun Ojo, didn’t keep her books on double principle. On 1st Jan, 2014, cash in hand was 850, ...
The document which serves as the authority to incur expenditure in the public sector is ...
Which of the following demonstrates the imprest system? ...
Given: 31/12/98 31/12/99 Assets: Plant and Mach. N1,500 N1,200 Fixtures N700 N520 Stock N500 N6...
Use the following information to answer the question \(\begin{array}{c|c} \text{prepared} &...