The purchase of furniture, an asset to the company was de...
The purchase of furniture, an asset to the company was debited to purchases account. This is an error of
Omission
Original entry
Principle
Commission
Correct answer is C
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock:} & \\ \text{- raw materials} & 6...
In the absence of an agreement, partners share profits ...
Trading Account of Umeh Enterprises for the year ended 31st December 2019 ...
Miscellaneous expense is 10% of revenue Calculate the net income. ...
Provision for bad and double debts in companies final accounts is treated in? ...
Which of the following is not a liability? ...
Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabi...