To correct an error, the purchases account was debited wh...
To correct an error, the purchases account was debited while Suspense account was credited. Which of the following was the cause of the error?
Undercasting of purchase
Overcasting of purchases
Original entry
Transportation of returns outwards
Omission of creditor's balance
Correct answer is A
No explanation has been provided for this answer.
When shares are sold 'at par' it means they are issued at ...
\(\begin{array}{c|c} & Ade(N) & Bola(N) \\ \hline Capital & 40,000 & 30,000 \\ \hlin...
If a 10% dividend is approved, what is the dividend payable to ordinary shareholders? ...
The ratio which measures the solvency of a firm is the ...
The excess of the market value of goods produced over the cost of production is ...
Trading account for the year ended 31st December 2009 ₦ ₦ Opening...
The objective of the purchase ledger control account is to established the? ...
When closing stock is undervalued, the cost of goods sold would be ...