Commission of N5,000 to a sales representative is debited...
Commission of N5,000 to a sales representative is debited to salaries account. This is an error of
Reversal of entries
Principle
Commission
Compensation
Correct answer is B
No explanation has been provided for this answer.
Which of the following ratios gives an idea of the liquidity of a firm? ...
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,40...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Debtors opening} & 4000 \\ \hline \text{De...
A total of D 9,160 was entered in the sales account as D9,610. To correct this error: debit ...
A financial plan of action expressed in monetary terms is a/an ...
Mayana Corporation uses special journals to record its transactions. If one of Mayana's customer...