Carriage inwards is shown on the
...Carriage inwards is shown on the
Debit side of the trading account
Credit side of the trading account
Credit side of the profit and loss account
Debit side of the profit and loss account
Correct answer is A
It is posted to the debit side of trading account and added to the cost of purchase
On partnership dissolution, if a partner's capital account has a debit balance and the partnr is...
Use the following information to answer the given question. \(\begin{array}{c|c} \text{Net prof...
Which of the following is not a personal account? ...
The effect on profit when the closing stock is understated is ...
Payment to creditors ₦12,250 Creditors at start ₦550 Creditors at end ₦830 What is the cr...
Gross Profit of a business is the ...
The excess of income over expenditure is usually transferred to the ...
Cost of goods sold is calculated as................... ...
The principle of double entry developed from the axioms of accounting equation is given as ...