Drawing appear on the
...Drawing appear on the
Debit side of the profit and loss account
Credit side of the profit and loss account
Debit side of the appropriation account
Debit side of the current account
Credit side of the appropriation account
Correct answer is D
No explanation has been provided for this answer.
Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...
Discount allowed would appear on the ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
The purpose of profit and loss account is to ascertain ...
To realize an asset means to ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...