Osa started business with Le 40,000 cash. The accounting ...
Osa started business with Le 40,000 cash. The accounting entry is debit
Cash account; credit capital account
Capital account; credit cash account
Purchases account; credit cash account
Expenses account; credit capital account
Correct answer is B
Debit capital account (i.e the money used in starting a business) and credit cash
Nwoye buys stock and pays by cheque. The entries in the books of Nwoye is Debit ...
\(\begin{array}{c|c} & Halima & Ibinabo \\ & N & N \\ \hline \text{Capital accounts ...
Year ₦ 1991 1992 1993 1994 14,000 24,000 10,00...
The understatement of closing value of work-in-process would have the effect of? ...
Cash discount received is shown in the i. Cash ii. Discount Received Account iii. Sup...
The addition of prime cost and factory overhead is ...
The accumulated fund for a not-for-profit making organization is ...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Pro...