A trader paid N15,000 on rent for 15 months but charged N...
A trader paid N15,000 on rent for 15 months but charged N12,000 to the profit and loss Account for the year. This is the concept of
Accrual
Materiality
Prudence
Going-corncern
Correct answer is B
No explanation has been provided for this answer.
Which of the following accounting records are source documents? ...
Zazzau Company: Cash in hand................N50 Cash in bank................N1 250 Stock..........
Which of the following is a strong feature of partnership? ...
Which of the following activities will increase profits? ...
The cost of raw materials consumed is determined in the Manufacturing Account as ...
Profit expressed in relation to cost of goods sold is ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of Raw Materials} & 5,800 \\ \text{Cl...