Cash stolen from branch-taking s is recorded in the Head ...
Cash stolen from branch-taking s is recorded in the Head Office books by debiting
Defalcations account and crediting branch stock acccount
Mark-up account and crediting branch stock account
Defalcations account and crediting profit and loss account
Cash account and crediting branch stock account
Branch stock account and crediting defalcations account
Correct answer is A
No explanation has been provided for this answer.
Given: Prepaid b/f.......................N10?000 Cash paid during the year.........N20,000 The ...
\(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\ & D & D \\ \hline \text{Stock} & 1,46...
Incomplete Record (Extract) Sales......................................N10,600 Rent................
A person who has applied to purchase shares in a company is referred to as ...
The portion of authorized capital that has been allotted to subscribers ...
Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of e...
The amount set aside out of profit for a specific purpose is ...
Which of the following is credited to the consolidated revenue fund? ...